Shufra Institute Inc

Analysis

Shufra Institute Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 2011, 15 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 January 2024, Shufra Institute Inc reported income of $136k and spending of $185k, spending 136% of what it took in. Across the 3 years on record, from January 2022 to January 2024, income fell from $285k to $136k (-52%), an average of -31% a year. The sharpest change came in the year to January 2023, when income rose by 83%. Over the whole period it spent 51% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shufra Institute Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Sybarite Chamber Players Ltd ($136k), Share International USA ($136k) and Interfaith Action of Greater Saint Paul Foundation ($136k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 75% and program service revenue 9.1% of the total. At year end it held assets of $827k against liabilities of $287k, net assets of $541k.