Sephardic Multi Service Senior Citizens Center Inc

Analysis

Sephardic Multi Service Senior Citizens Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sephardic Multi Service Senior Citizens Center Inc reported income of $1.2m and spending of $1.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.2m (-0.7%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sephardic Multi Service Senior Citizens Center Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Hispanic Brotherhood of Rockville Centre Inc ($1.2m), Jewish Community Alliance Foundation Inc ($1.2m) and Living at Home of the Park Rapids Area ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $91k (7.9% of expenses). Other salaries and wages came to $384k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $0. It reported 12 employees.