Well in Memory of the Sassoon Children Inc

Analysis

Well in Memory of the Sassoon Children Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2021, 5 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 December 2023, Well in Memory of the Sassoon Children Inc reported income of $367k and spending of $278k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $601k to $367k (-39%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Well in Memory of the Sassoon Children Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Global Medical Missions Aliance Gmma ($367k), Mission Barnabas International ($367k) and Living Success Center ($367k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $34k (12% of expenses). Other salaries and wages came to $44k. At year end it held assets of $340k against liabilities of $28k, net assets of $312k. It reported 14 employees.