Bangladesh Medical Association of North America

Analysis

Bangladesh Medical Association of North America is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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, Bangladesh Medical Association of North America reported income of $211k and spending of $237k, spending 112% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $324k to $211k (-35%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 85%. 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, Bangladesh Medical Association of North America sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Little League Baseball Inc ($211k), Richland County Sheriffs Foundation Inc ($211k) and Orange County Jail Ministry Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $372k against liabilities of $0, net assets of $372k.