Sinai Special Needs Institute

Analysis

Sinai Special Needs Institute is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in May 1990, 36 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Sinai Special Needs Institute reported income of $24.4m and spending of $20.9m, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $21.8m to $24.4m (+12%), an average of +2.9% a year. The sharpest change came in the year to August 2021, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sinai Special Needs Institute sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Helping Restore Ability ($24.4m), Oak Grove Institute Foundation Inc ($24.5m) and Mercy Life Inc ($24.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $802k (3.8% of expenses). Other salaries and wages came to $10.0m. At year end it held assets of $25.2m against liabilities of $2.8m, net assets of $22.4m. It reported 252 employees.