Borough Park Volunteers of Hatzolah Inc

Analysis

Borough Park Volunteers of Hatzolah Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1991, 35 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Borough Park Volunteers of Hatzolah Inc reported income of $2.4m and spending of $3.9m, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $2.4m (-23%), an average of -6.3% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Borough Park Volunteers of Hatzolah Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Rural Health Redesign Center Organization Inc ($2.4m), Holy Family Villa ($2.4m) and Open Arms Free Clinic Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $250k. At year end it held assets of $10.5m against liabilities of $554k, net assets of $9.9m. It reported 10 employees.

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.