Bronxcare Dr Martin Luther King Jr Health Center

Analysis

Bronxcare Dr Martin Luther King Jr Health Center is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 1973, 53 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, Bronxcare Dr Martin Luther King Jr Health Center reported income of $53.7m and spending of $45.9m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $52.6m to $53.7m (+2.2%), an average of +0.5% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bronxcare Dr Martin Luther King Jr Health Center sits at the 99th percentile: it is one of the largest 1% in its cause. 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 University of Texas Foundation ($53.7m), Salud Para LA Gente ($54.0m) and Southeastern Louisiana Area Health Education Center ($53.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.2% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $268k (0.6% of expenses). Other salaries and wages came to $17.5m. At year end it held assets of $57.6m against liabilities of $36.1m, net assets of $21.5m. It reported 284 employees.