New York Community Hospital of Brooklyn Inc

Analysis

New York Community Hospital of Brooklyn Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1947, 79 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New York Community Hospital of Brooklyn Inc reported income of $124.4m and spending of $149.4m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $103.9m to $124.4m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2020, when income rose by 19%. Over the whole period it spent 106% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, New York Community Hospital of Brooklyn Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include American College of Cardiology Foundation ($124.2m), Wmc-New York Inc ($124.6m) and Broward Regional Health Planning Council Inc ($124.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $2.9m (1.9% of expenses). Other salaries and wages came to $65.8m. At year end it held assets of $87.8m against liabilities of $42.9m, net assets of $44.9m. It reported 955 employees.