Brooklyn Health Equity Foundation Inc

Analysis

Brooklyn Health Equity Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brooklyn Health Equity Foundation Inc reported income of $512k and spending of $320k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15k to $512k (+3369%), an average of +143% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 179% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brooklyn Health Equity Foundation 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 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Thomas D Linkmeyer Group Inc ($512k), Wasatch Family Foundation ($512k) and Hugh Chatham Memorial Hospital Foundation ($512k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $145k (45% of expenses). At year end it held assets of $6.2m against liabilities of $2,350, net assets of $6.2m. It reported 2 employees.