Quick charity verification for Sephardic Bet Yaakov Inc (EIN: 204325964)
Verdict: Sephardic Bet Yaakov Inc appears trustworthy
70/100Mission Score
$5.0MRevenue
$11.8MAssets
2Red Flags
3Strengths
Red Flags
Significant liabilities relative to assets (e.g., $7,081,326 liabilities vs. $11,758,494 assets in 2023) could indicate higher financial risk.
No reported officer compensation across all 13 filings, which is unusual for an organization of this scale and could impact transparency regarding leadership costs.
Strengths
Consistent revenue growth over the past decade, from $975,556 in 2014 to $5,387,891 in 2023, demonstrating strong financial development.
Maintains an operating surplus in most years (e.g., $225,757 surplus in 2023), indicating sound financial management and sustainability.
Consistent filing of IRS Form 990s for 13 periods, showing a commitment to regulatory compliance and public disclosure.
Spending Breakdown
How Sephardic Bet Yaakov Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Sephardic Bet Yaakov Inc
Is Sephardic Bet Yaakov Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sephardic Bet Yaakov Inc (EIN: 204325964) appears trustworthy. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
Is Sephardic Bet Yaakov Inc a good charity to donate to?
Sephardic Bet Yaakov Inc has a Mission Score of 70/100. Revenue: $5.0M. Assets: $11.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Sephardic Bet Yaakov Inc?
The Employer Identification Number (EIN) for Sephardic Bet Yaakov Inc is 204325964. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Sephardic Bet Yaakov Inc spend its money?
Sephardic Bet Yaakov Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Sephardic Bet Yaakov Inc's tax-exempt status?
You can verify Sephardic Bet Yaakov Inc's tax-exempt status using EIN 204325964 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Sephardic Bet Yaakov Inc demonstrates consistent financial growth over the past decade, with revenue increasing from $975,556 in 2014 to $5,387,891 in 2023. The organization generally maintains a healthy operating surplus, as seen in 2023 where revenues of $5,387,891 exceeded expenses of $5,162,134. This indicates sound financial management and an ability to cover operational costs. However, the organization's liabilities are substantial, reaching $7,081,326 in 2023 against assets of $11,758,494, suggesting a significant reliance on debt or other obligations. Further details on the nature of these liabilities would be beneficial for a complete understanding of their financial stability.
Regarding spending efficiency, without a detailed functional expense breakdown (program, administrative, fundraising), it's challenging to precisely assess the allocation of funds. However, the consistent operating surplus across most years suggests that the organization is not overspending relative to its income. The absence of reported officer compensation across all filings is a notable aspect of their financial structure, potentially indicating a volunteer-led executive team or compensation structured in a way not reported as officer compensation on the 990, which could impact transparency if not clearly explained elsewhere.
In terms of transparency, the consistent filing of IRS Form 990s for 13 periods is a positive indicator. However, the lack of reported officer compensation on the 990s, while not necessarily a red flag, does limit the ability to fully assess executive remuneration practices. A more detailed breakdown of expenses beyond total expenses would enhance transparency and allow for a clearer understanding of how funds are allocated to programs versus overhead.