Manhattan Sephardic Congregation

Analysis

Manhattan Sephardic Congregation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1990, 36 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Manhattan Sephardic Congregation reported income of $808k and spending of $780k, spending 97% of its income. Across the 2 years on record, from December 2019 to December 2020, income fell from $965k to $808k (-16%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 16%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manhattan Sephardic Congregation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Friends of Astoria Column Inc ($808k), The Carroll Shelby Foundation ($808k) and Louisiana 4-H Foundation ($808k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $248k (32% of expenses). Other salaries and wages came to $50k. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m. It reported 5 employees.