Sephardic Home for the Aged Foundation

Analysis

Sephardic Home for the Aged Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1954, 72 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2019, Sephardic Home for the Aged Foundation reported income of $4.3m and spending of $4.0m, spending 92% of its income. Across the 2 years on record, from December 2018 to December 2019, income fell from $5.2m to $4.3m (-18%), an average of -18% a year. The sharpest change came in the year to December 2019, when income dropped by 18%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sephardic Home for the Aged Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Sharecare Foundation Inc ($4.3m), Friends of Youth Services and Palm Beach County Inc ($4.3m) and Whitman-Walker Foundation Inc ($4.3m).

On its Form 990 for the period ending December 2019, revenue came from contributions and grants 11% of the total. Compensation of current officers, directors and key employees was $239k (6.0% of expenses). Other salaries and wages came to $204k. At year end it held assets of $75.5m against liabilities of $1.3m, net assets of $74.2m. It reported 4 employees.