Brooklyn Health Medical Group PC

Analysis

Brooklyn Health Medical Group PC is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2019, 7 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 (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 Medical Group PC reported income of $1.2m and spending of $3.8m, spending 310% of what it took in. The sharpest change came in the year to December 2021, when income rose by 72%. Over the whole period it spent 246% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brooklyn Health Medical Group PC sits at the 66th 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 Kids Cancer Foundation Inc ($1.2m), Community Cares Local Development Corporation ($1.2m) and Create Cures Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $962k. At year end it held assets of $478k against liabilities of $9.0m, net assets of -$8.6m.

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.