Sephardic Institute

Analysis

Sephardic Institute is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1968, 58 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sephardic Institute reported income of $1.5m and spending of $1.7m, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.8m to $1.5m (-14%), an average of -3.7% a year. The sharpest change came in the year to August 2022, when income dropped by 32%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sephardic Institute sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Called to Greatness Ministries Inc ($1.5m), Barnabas Ministries of Michigan ($1.5m) and Worldlink International Ministries ($1.5m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $828k. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m. It reported 11 employees.