Cobble Hill Health Center Inc

Analysis

Cobble Hill Health Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1977, 49 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, Cobble Hill Health Center Inc reported income of $58.6m and spending of $62.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $53.1m to $58.6m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Cobble Hill Health Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Associated Health Services Inc ($58.6m), Valley Cities Counseling and Consultation ($58.7m) and The Shriners Hospital for Children ($58.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $988k (1.6% of expenses). Other salaries and wages came to $25.4m. At year end it held assets of $90.0m against liabilities of $36.1m, net assets of $53.9m. It reported 587 employees.