Brooklyn Plaza Medical Center Inc
Brooklyn Plaza Medical Center Inc. shows significant asset growth in recent years despite fluctuating operational surpluses and deficits.
EIN: 112467268 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.2M |
| Total Expenses | $12.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $1.3M |
| Transparency Score | 70/100 |
Is Brooklyn Plaza Medical Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brooklyn Plaza Medical Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brooklyn Plaza Medical Center Inc
Brooklyn Plaza Medical Center Inc (EIN: 112467268) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $12.2M and total assets of $34.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brooklyn Plaza Medical Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brooklyn Plaza Medical Center Inc is a large nonprofit that has been operating for 48 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.8M |
| Total Expenses | $12.2M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $31.2M |
| Total Liabilities | $29.9M |
| Net Assets | $1.3M |
| Operating Margin | 11.7% |
| Debt-to-Asset Ratio | 95.9% |
| Months of Reserves | 30.7 months |
Financial Health Grade: A
In 2023, Brooklyn Plaza Medical Center Inc reported a surplus of $1.6M with revenue exceeding expenses, holds 30.7 months of operating reserves (strong position), has a debt-to-asset ratio of 95.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brooklyn Plaza Medical Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.5% | -10.8% | +36.5% |
| 2022 | -6.1% | +9.8% | +456.7% |
| 2021 | +4.8% | +9.2% | +29.3% |
| 2020 | +3.1% | -11.0% | +116.9% |
| 2019 | -11.9% | -3.1% | -28.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Plaza Medical Center Inc with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Brooklyn Plaza Medical Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 95.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $12 million in annual revenue. This either indicates a volunteer leadership structure or that executive compensation is categorized under other expense lines, which would obscure true compensation levels.
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 Plaza Medical Center Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Brooklyn Plaza Medical Center Inc:
- 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.
Frequently Asked Questions about Brooklyn Plaza Medical Center Inc
Is Brooklyn Plaza Medical Center Inc a legitimate charity?
Brooklyn Plaza Medical Center Inc (EIN: 112467268) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.2M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Brooklyn Plaza Medical Center Inc spend its money?
Brooklyn Plaza Medical Center Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Brooklyn Plaza Medical Center Inc tax-deductible?
Brooklyn Plaza Medical Center Inc is registered as a tax-exempt nonprofit (EIN: 112467268). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brooklyn Plaza Medical Center Inc CEO make?
Brooklyn Plaza Medical Center Inc's highest-compensated officer earns $12 annually. The organization reported $12.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brooklyn Plaza Medical Center Inc's spending goes to programs?
Brooklyn Plaza Medical Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Brooklyn Plaza Medical Center Inc located?
Brooklyn Plaza Medical Center Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112467268.
How many years of IRS 990 filings does Brooklyn Plaza Medical Center Inc have?
Brooklyn Plaza Medical Center 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 $12.2M in total revenue.
What is the nature of the significant increase in assets and liabilities between 2021 and 2023?
The organization's assets jumped from $4,104,918 in 2021 to $31,204,161 in 2023, with liabilities also increasing from $2,533,911 to $29,921,962. This substantial change suggests a major acquisition, capital investment, or restructuring that would impact long-term financial health.
How does Brooklyn Plaza Medical Center Inc. manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is atypical for an organization of this scale. It raises questions about whether leadership roles are entirely voluntary or if compensation is reported under different expense categories, which would affect the transparency of executive pay.
What are the specific breakdowns of program, administrative, and fundraising expenses?
Without detailed breakdowns of expenses into program, administrative, and fundraising categories, it is challenging to fully assess the organization's spending efficiency and how effectively funds are directed towards its mission.
Filing History
IRS 990 filing history for Brooklyn Plaza Medical Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brooklyn Plaza Medical Center Inc's revenue has grown by 94.3%, moving from $7.1M to $13.8M. Total assets increased by 1173.2% over the same period, from $2.5M to $31.2M. Total functional expenses rose by 76.2%, from $6.9M to $12.2M. In its most recent filing year (2023), Brooklyn Plaza Medical Center Inc reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $29.9M in liabilities against $31.2M in assets (debt-to-asset ratio: 95.9%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $13.8M | $12.2M | $31.2M | $29.9M | — | — |
| 2022 | $11.8M | $13.7M | $22.9M | $23.2M | — | View 990 |
| 2021 | $12.5M | $12.5M | $4.1M | $2.5M | — | View 990 |
| 2020 | $12.0M | $11.4M | $3.2M | $1.7M | — | View 990 |
| 2019 | $11.6M | $12.8M | $1.5M | $1.7M | — | View 990 |
| 2018 | $13.2M | $13.2M | $2.1M | $990K | — | View 990 |
| 2017 | $11.6M | $10.6M | $2.0M | $866K | — | View 990 |
| 2016 | $8.4M | $8.2M | $1.9M | $1.9M | — | View 990 |
| 2015 | $7.9M | $8.1M | $1.5M | $1.6M | — | View 990 |
| 2014 | $7.3M | $7.2M | $1.5M | $1.5M | — | View 990 |
| 2013 | $7.3M | $7.9M | $1.8M | $1.8M | — | View 990 |
| 2012 | $7.5M | $8.2M | $2.4M | $1.7M | — | View 990 |
| 2011 | $7.1M | $6.9M | $2.5M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $13.8M, expenses of $12.2M, and assets of $31.2M (revenue +17.5% year-over-year).
- 2022: Revenue of $11.8M, expenses of $13.7M, and assets of $22.9M (revenue -6.1% year-over-year).
- 2021: Revenue of $12.5M, expenses of $12.5M, and assets of $4.1M (revenue +4.8% year-over-year).
- 2020: Revenue of $12.0M, expenses of $11.4M, and assets of $3.2M (revenue +3.1% year-over-year).
- 2019: Revenue of $11.6M, expenses of $12.8M, and assets of $1.5M (revenue -11.9% year-over-year).
- 2018: Revenue of $13.2M, expenses of $13.2M, and assets of $2.1M (revenue +13.1% year-over-year).
- 2017: Revenue of $11.6M, expenses of $10.6M, and assets of $2.0M (revenue +38.1% year-over-year).
- 2016: Revenue of $8.4M, expenses of $8.2M, and assets of $1.9M (revenue +6.5% year-over-year).
- 2015: Revenue of $7.9M, expenses of $8.1M, and assets of $1.5M (revenue +9.0% year-over-year).
- 2014: Revenue of $7.3M, expenses of $7.2M, and assets of $1.5M (revenue -0.1% year-over-year).
- 2013: Revenue of $7.3M, expenses of $7.9M, and assets of $1.8M (revenue -2.8% year-over-year).
- 2012: Revenue of $7.5M, expenses of $8.2M, and assets of $2.4M (revenue +5.0% year-over-year).
- 2011: Revenue of $7.1M, expenses of $6.9M, and assets of $2.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brooklyn Plaza Medical Center Inc:
Data Sources and Methodology
This transparency report for Brooklyn Plaza Medical Center 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.