Sephardic Mikvah Israel Inc

Analysis

Sephardic Mikvah Israel Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1975, 51 years ago. 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 December 2023, Sephardic Mikvah Israel Inc reported income of $824k and spending of $835k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $897k to $824k (-8.2%), an average of -2.1% a year. The sharpest change came in the year to December 2021, when income rose by 58%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sephardic Mikvah Israel Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Steuben County Council on Aging Inc ($824k), Community Dining Room Inc ($824k) and Arc of Arizona Inc ($824k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 95% of the total. Other salaries and wages came to $307k. At year end it held assets of $4.4m against liabilities of $15k, net assets of $4.4m. It reported 41 employees.