Moise Safra Community Center Inc

Analysis

Moise Safra Community Center Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Moise Safra Community Center Inc reported income of $7.5m and spending of $9.4m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $24.5m to $7.5m (-69%), an average of -26% a year. The sharpest change came in the year to June 2020, when income dropped by 79%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Moise Safra Community Center Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Chimes Virginia Inc ($7.5m), First Americans Museum Foundation ($7.5m) and Portfolio Resident Services Inc ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 41% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $817k (8.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $112.3m against liabilities of $6.3m, net assets of $106.0m. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.