Quick charity verification for Brooklyn Hospital Foundation Inc (EIN: 112936410)
Verdict: Brooklyn Hospital Foundation Inc appears trustworthy
75/100Mission Score
$5.5MRevenue
$7.6MAssets
2Red Flags
3Strengths
Red Flags
Consistent operating deficits in recent years (e.g., 2023 and 2022)
Significant decrease in assets from $7.8 million in 2021 to $6.3 million in 2023
Strengths
Consistently reports 0% officer compensation, indicating efficient use of funds for leadership
Maintains a strong asset base, providing financial resilience
History of significant revenue generation, reaching over $4 million in 2014 and 2020
Spending Breakdown
How Brooklyn Hospital Foundation Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Brooklyn Hospital Foundation Inc
Is Brooklyn Hospital Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooklyn Hospital Foundation Inc (EIN: 112936410) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Brooklyn Hospital Foundation Inc a good charity to donate to?
Brooklyn Hospital Foundation Inc has a Mission Score of 75/100. Revenue: $5.5M. Assets: $7.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brooklyn Hospital Foundation Inc?
The Employer Identification Number (EIN) for Brooklyn Hospital Foundation Inc is 112936410. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Brooklyn Hospital Foundation Inc spend its money?
Brooklyn Hospital Foundation Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brooklyn Hospital Foundation Inc's tax-exempt status?
You can verify Brooklyn Hospital Foundation Inc's tax-exempt status using EIN 112936410 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Brooklyn Hospital Foundation Inc. demonstrates a mixed financial picture. While the organization has maintained a healthy asset base, with assets consistently above $3.5 million and reaching a high of $7.8 million in 2020, its recent financial performance shows a trend of expenses exceeding revenue. In 2023, expenses were $2,556,813 against revenues of $1,930,615, and similarly in 2022, expenses of $2,374,570 outpaced revenues of $1,833,849. This indicates a reliance on prior year surpluses or investment income to cover operational costs, which could be a concern if not managed effectively. The foundation's transparency is commendable regarding executive compensation, as it consistently reports 0% officer compensation across all available filings, suggesting that leadership is either unpaid or compensated through other means not reported as officer compensation on the 990, or that the foundation's primary role is fundraising for the hospital rather than direct program delivery with paid staff.