Sephardic Center for Rabbinical and Secular Studies Inc

Analysis

Sephardic Center for Rabbinical and Secular Studies Inc is a registered charity in United States, based in Rahway, NJ. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Sephardic Center for Rabbinical and Secular Studies Inc reported income of $918k and spending of $1.0m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $918k (-31%), an average of -9.0% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sephardic Center for Rabbinical and Secular Studies Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Family Foundations International ($918k), Miracle Making Ministries Inc ($919k) and West Coast Islamic Society ($917k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. Other salaries and wages came to $422k. At year end it held assets of $119k against liabilities of $131k, net assets of -$12k. It reported 21 employees.