Sephardic Medical Resources Inc

Analysis

Sephardic Medical Resources Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Medical Resources Inc reported income of $248k and spending of $1.1m, spending 429% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.8m to $248k (-91%), an average of -91% a year. The sharpest change came in the year to December 2023, when income dropped by 91%. Over the whole period it spent 59% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Sephardic Medical Resources Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Youth Development Through Sport Inc ($248k), Ohio Dermatological Foundation ($248k) and Crested Butte State of Mind ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $1,000, net assets of $1.3m.