Brooklyn Plaza Medical Center

Analysis

Brooklyn Plaza Medical Center is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1978, 48 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brooklyn Plaza Medical Center reported income of $13.8m and spending of $12.2m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.6m to $13.8m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooklyn Plaza Medical Center sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include California Childrens Academy ($13.8m), Habitiat for Humanity International Inc ($13.9m) and Economic and Community Development Institute Inc ($13.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $727k (6.0% of expenses). Other salaries and wages came to $5.3m. At year end it held assets of $31.2m against liabilities of $29.9m, net assets of $1.3m. It reported 93 employees.