Brooklyn Hospital Foundation Inc

Analysis

Brooklyn Hospital Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1988, 38 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brooklyn Hospital Foundation Inc reported income of $1.9m and spending of $2.6m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.8m to $1.9m (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2021, when income dropped by 47%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brooklyn Hospital Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Friends of Cedar Mesa ($1.9m), Uinta Senior Citizens ($1.9m) and Sheltered Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Other salaries and wages came to $417k. It paid $47k in professional fundraising fees. At year end it held assets of $6.3m against liabilities of $78k, net assets of $6.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.