Avenue N Sephardic Congregation

Analysis

Avenue N Sephardic Congregation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Avenue N Sephardic Congregation reported income of $203k and spending of $152k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $182k to $203k (+11%), an average of +12% a year. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Avenue N Sephardic Congregation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Iglesia de Dios Hispana Maranatha Inc ($203k), Elijahs Harbor ($203k) and Luke101 Inc ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $375k against liabilities of $49k, net assets of $326k.