Bina Stroke and Brain Injury Assistance Inc

Analysis

Bina Stroke and Brain Injury Assistance Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Bina Stroke and Brain Injury Assistance Inc reported income of $1.2m and spending of $1.2m, spending 95% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $621k to $1.2m (+100%), an average of +15% a year. The sharpest change came in the year to December 2019, when income rose by 60%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bina Stroke and Brain Injury Assistance Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Albemarle Hospital Foundation ($1.2m), Fairwaycares Inc ($1.2m) and Community Health Network of Connecticut Holdings Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 132% of the total. Compensation of current officers, directors and key employees was $116k (9.8% of expenses). Other salaries and wages came to $501k. At year end it held assets of $485k against liabilities of $193k, net assets of $293k. It reported 8 employees.