Go Sephardic Inc

Analysis

Go Sephardic Inc is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in May 2024, 2 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Go Sephardic Inc reported income of $343k and spending of $376k, spending 110% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $730k to $343k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 43%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Go Sephardic Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Biblical Foundations Academy ($343k), Into the Deep ($343k) and Grand Staff Ministries Inc ($343k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $187k. At year end it held assets of $38k against liabilities of $0, net assets of $38k.