Sephardic Community Youth Center

Analysis

Sephardic Community Youth Center is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Community Youth Center reported income of $17.5m and spending of $18.4m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.5m to $17.5m (+40%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 131%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sephardic Community Youth Center sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Girl Scouts of Northeast Texas ($17.5m), Girl Scouts of San Jacinto Council ($17.8m) and Iowa Jag Inc ($17.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $960k (5.2% of expenses). Other salaries and wages came to $6.5m. At year end it held assets of $72.9m against liabilities of $19.9m, net assets of $53.0m. It reported 529 employees.