Foundation for Sephardic Studies Inc

Analysis

Foundation for Sephardic Studies Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 November 2023, Foundation for Sephardic Studies Inc reported income of $2.2m and spending of $2.2m, spending 97% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $1.4m to $2.2m (+53%), an average of +11% a year. The sharpest change came in the year to November 2021, when income rose by 32%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Sephardic Studies Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Mission Capital ($2.2m), St Paul Area Electrical Joint Apprenticeship and Training Fund ($2.2m) and Meigs County Council on Aging Inc ($2.2m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $645k. At year end it held assets of $3.9m against liabilities of $843k, net assets of $3.1m. It reported 15 employees.