Sephardic Academy of Manhattan

Analysis

Sephardic Academy of Manhattan is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Sephardic Academy of Manhattan reported income of $3.8m and spending of $3.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.8m (+33%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 134%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sephardic Academy of Manhattan sits at the 87th percentile: it is larger than about 87% 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 Monterey Peninsula College Foundation ($3.8m), Sisulu Childrens Academy-Harlem Charter Public School ($3.8m) and Vcu Investment Management Company ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 86% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $19.6m against liabilities of $12.0m, net assets of $7.6m.