Sephardic Heritage Museum Inc

Analysis

Sephardic Heritage Museum Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Heritage Museum Inc reported income of $3.7m and spending of $4.4m, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.7m (+100%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 376%. Over the whole period it spent 149% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sephardic Heritage Museum Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Griffith Observatory Foundation ($3.7m), Henry Ford Estate ($3.7m) and Southwest Dairy Museum Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $458k. At year end it held assets of $15.3m against liabilities of $1.3m, net assets of $14.0m. It reported 11 employees.