Quick charity verification for Brooklyn Plaza Medical Center Inc (EIN: 112467268)
Verdict: Brooklyn Plaza Medical Center Inc appears trustworthy
70/100Mission Score
$12.2MRevenue
$34.8MAssets
3Red Flags
3Strengths
Red Flags
Significant year-over-year fluctuations in net income, including deficits in 2022 and 2019, indicate inconsistent financial stability.
The reporting of 0% officer compensation for an organization with over $12 million in revenue is unusual and may obscure actual executive remuneration.
A substantial increase in liabilities alongside assets from 2021 to 2023 suggests significant debt or financial commitments that warrant further investigation.
Strengths
Demonstrated significant asset growth from $4.1 million in 2021 to $31.2 million in 2023, indicating potential for future capacity.
Positive net income in the latest filing (2023) of over $1.6 million ($13,836,166 revenue - $12,215,844 expenses).
Consistent reporting of 0% officer compensation, if accurate, suggests strong cost control at the executive level.
Spending Breakdown
How Brooklyn Plaza Medical Center Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
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 Plaza Medical Center Inc
Is Brooklyn Plaza Medical Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Brooklyn Plaza Medical Center Inc (EIN: 112467268) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Brooklyn Plaza Medical Center Inc a good charity to donate to?
Brooklyn Plaza Medical Center Inc has a Mission Score of 70/100. Revenue: $12.2M. Assets: $34.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brooklyn Plaza Medical Center Inc?
The Employer Identification Number (EIN) for Brooklyn Plaza Medical Center Inc is 112467268. 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 Plaza Medical Center Inc spend its money?
Brooklyn Plaza Medical Center Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brooklyn Plaza Medical Center Inc's tax-exempt status?
You can verify Brooklyn Plaza Medical Center Inc's tax-exempt status using EIN 112467268 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
Brooklyn Plaza Medical Center Inc. demonstrates a fluctuating financial performance over the past several years. While the organization reported a positive net income in 2023 ($13,836,166 revenue vs. $12,215,844 expenses), it experienced deficits in 2022 and 2019, indicating some inconsistency in financial stability. A significant increase in assets from $4,104,918 in 2021 to $31,204,161 in 2023, alongside a corresponding rise in liabilities, suggests substantial growth or investment, which warrants further investigation into the nature of these changes.
The organization's transparency regarding executive compensation is notable, with 0% reported for officer compensation across all available filings. This suggests either that officers are not compensated, or their compensation is reported under other categories, which would require deeper scrutiny for full transparency. The lack of specific program, administrative, and fundraising expense breakdowns in the provided data limits a detailed assessment of spending efficiency, making it difficult to determine how effectively funds are allocated to its mission.
Overall, while the recent asset growth is impressive, the historical financial fluctuations and the absence of detailed spending category breakdowns present areas where transparency and consistent financial health could be improved. The consistent reporting of 0% officer compensation is a positive indicator of cost control at the executive level, assuming all compensation is accurately reflected.