Sephardic Food Fund Inc

Analysis

Sephardic Food Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 Food Fund Inc reported income of $4.6m and spending of $4.5m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $4.6m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sephardic Food Fund Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Care to Learn ($4.6m), Hospital Quality Institute ($4.6m) and Hospice Service Inc Commercial Park ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $167k (3.7% of expenses). Other salaries and wages came to $144k. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m. It reported 7 employees.