Brooklyn Hospital Foundation Inc
Brooklyn Hospital Foundation Inc. experiences recent operating deficits while maintaining a strong asset base and reporting no officer compensation.
EIN: 112936410 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.5M |
| Total Expenses | $2.6M |
| Program Spending | 80% |
| Net Assets | $6.3M |
| Transparency Score | 75/100 |
Is Brooklyn Hospital Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Hospital Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Hospital Foundation Inc
Brooklyn Hospital Foundation Inc (EIN: 112936410) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $5.5M and total assets of $7.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Hospital Foundation Inc is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.6M |
| Surplus / Deficit | $-626,198 |
| Total Assets | $6.3M |
| Total Liabilities | $78K |
| Net Assets | $6.3M |
| Operating Margin | -32.4% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 29.8 months |
Financial Health Grade: B
In 2023, Brooklyn Hospital Foundation Inc reported a deficit of $626K with expenses exceeding revenue, holds 29.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brooklyn Hospital Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.3% | +7.7% | -1.9% |
| 2022 | -12.7% | -1.4% | -17.1% |
| 2021 | -46.6% | +31.9% | -0.4% |
| 2020 | +41.5% | +26.9% | +43.1% |
| 2019 | +109.3% | +13.2% | +55.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brooklyn Hospital Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Brooklyn Hospital Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $626K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no officers receive compensation directly from the foundation, which is a positive sign for donor confidence regarding executive pay.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Brooklyn Hospital Foundation Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Brooklyn Hospital Foundation Inc:
- 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
Frequently Asked Questions about Brooklyn Hospital Foundation Inc
Is Brooklyn Hospital Foundation Inc a legitimate charity?
Brooklyn Hospital Foundation Inc (EIN: 112936410) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.5M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Brooklyn Hospital Foundation Inc spend its money?
Brooklyn Hospital Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Brooklyn Hospital Foundation Inc tax-deductible?
Brooklyn Hospital Foundation Inc is registered as a tax-exempt nonprofit (EIN: 112936410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Brooklyn Hospital Foundation Inc's spending goes to programs?
Brooklyn Hospital Foundation Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Brooklyn Hospital Foundation Inc located?
Brooklyn Hospital Foundation Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112936410.
How many years of IRS 990 filings does Brooklyn Hospital Foundation Inc have?
Brooklyn Hospital Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.5M in total revenue.
Is Brooklyn Hospital Foundation Inc. financially stable given recent operating deficits?
While the foundation has experienced operating deficits in recent years (e.g., $626,198 in 2023 and $540,721 in 2022), its substantial asset base (e.g., $6,343,880 in 2023) provides a buffer. However, sustained deficits could erode assets over time if not addressed.
What is the purpose of the foundation if officer compensation is 0%?
The 0% officer compensation suggests that the foundation may operate with volunteer leadership or that its primary function is to raise funds for The Brooklyn Hospital Center, with administrative and program costs potentially covered by the hospital itself or through other non-officer staff.
How does the foundation cover its expenses when revenue is less than expenses?
When revenue is less than expenses, the foundation likely draws upon its accumulated net assets or investment income from its substantial asset base to cover the shortfall, as seen in 2023 and 2022.
Filing History
IRS 990 filing history for Brooklyn Hospital Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brooklyn Hospital Foundation Inc's revenue has grown by 34.6%, moving from $1.4M to $1.9M. Total assets increased by 265.4% over the same period, from $1.7M to $6.3M. Total functional expenses rose by 193.2%, from $872K to $2.6M. In its most recent filing year (2023), Brooklyn Hospital Foundation Inc reported a deficit of $626K, with expenses exceeding revenue. The organization holds $78K in liabilities against $6.3M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.6M | $6.3M | $78K | — | — |
| 2022 | $1.8M | $2.4M | $6.5M | $110K | — | View 990 |
| 2021 | $2.1M | $2.4M | $7.8M | $68K | — | View 990 |
| 2020 | $3.9M | $1.8M | $7.8M | $61K | — | View 990 |
| 2019 | $2.8M | $1.4M | $5.5M | $69K | — | View 990 |
| 2018 | $1.3M | $1.3M | $3.5M | $94K | — | View 990 |
| 2017 | $1.7M | $2.6M | $4.5M | $411K | — | View 990 |
| 2016 | $1.7M | $748K | $5.0M | $0 | — | View 990 |
| 2015 | $2.1M | $2.0M | $4.1M | $28K | — | View 990 |
| 2014 | $4.1M | $1.1M | $5.9M | $61K | — | View 990 |
| 2013 | $1.6M | $1.2M | $2.9M | $113K | — | View 990 |
| 2012 | $2.1M | $1.2M | $2.6M | $119K | — | View 990 |
| 2011 | $1.4M | $872K | $1.7M | $184K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.6M, and assets of $6.3M (revenue +5.3% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.4M, and assets of $6.5M (revenue -12.7% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.4M, and assets of $7.8M (revenue -46.6% year-over-year).
- 2020: Revenue of $3.9M, expenses of $1.8M, and assets of $7.8M (revenue +41.5% year-over-year).
- 2019: Revenue of $2.8M, expenses of $1.4M, and assets of $5.5M (revenue +109.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.3M, and assets of $3.5M (revenue -20.8% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.6M, and assets of $4.5M (revenue -0.7% year-over-year).
- 2016: Revenue of $1.7M, expenses of $748K, and assets of $5.0M (revenue -21.3% year-over-year).
- 2015: Revenue of $2.1M, expenses of $2.0M, and assets of $4.1M (revenue -48.0% year-over-year).
- 2014: Revenue of $4.1M, expenses of $1.1M, and assets of $5.9M (revenue +163.6% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.2M, and assets of $2.9M (revenue -26.2% year-over-year).
- 2012: Revenue of $2.1M, expenses of $1.2M, and assets of $2.6M (revenue +48.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $872K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Hospital Foundation Inc:
Data Sources and Methodology
This transparency report for Brooklyn Hospital Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.