American Friends Of Shehebar Sephardic Center Incorporated
American Friends Of Shehebar Sephardic Center Incorporated consistently operates with revenues and expenses around $2 million, showing fluctuating asset levels and no reported officer compensation.
EIN: 112642556 · New York, NY · NTEE: Q113 · Updated: 2026-03-28
Is American Friends Of Shehebar Sephardic Center Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
American Friends Of Shehebar Sephardic Center Incorporated directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About American Friends Of Shehebar Sephardic Center Incorporated
American Friends Of Shehebar Sephardic Center Incorporated (EIN: 112642556) is a nonprofit organization based in New York, NY, classified under NTEE code Q113. The organization reported total revenue of $2.4M and total assets of $423K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of American Friends Of Shehebar Sephardic Center Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates American Friends Of Shehebar Sephardic Center Incorporated with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, American Friends Of Shehebar Sephardic Center Incorporated allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation are paid to its officers, which is a strong positive for financial transparency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of American Friends Of Shehebar Sephardic Center Incorporated's IRS 990 filings:
- Consistent periods where expenses exceed revenue (e.g., 2022, 2021, 2019, 2018), potentially indicating reliance on reserves or prior surpluses.
- Significant decrease in total assets over the past decade, from $1,768,556 in 2014 to $376,058 in 2023, which could impact long-term financial resilience.
Strengths
The following positive indicators were identified for American Friends Of Shehebar Sephardic Center Incorporated:
- Consistent reporting of 0% officer compensation, indicating strong financial transparency regarding executive pay.
- Robust filing history with 14 IRS 990 filings, demonstrating compliance with regulatory requirements.
- Latest filing (2023) shows revenue slightly exceeding expenses, indicating improved financial management in the most recent period.
Frequently Asked Questions about American Friends Of Shehebar Sephardic Center Incorporated
Is American Friends Of Shehebar Sephardic Center Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, American Friends Of Shehebar Sephardic Center Incorporated (EIN: 112642556) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does American Friends Of Shehebar Sephardic Center Incorporated spend its money?
American Friends Of Shehebar Sephardic Center Incorporated directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to American Friends Of Shehebar Sephardic Center Incorporated tax-deductible?
American Friends Of Shehebar Sephardic Center Incorporated is registered as a tax-exempt nonprofit (EIN: 112642556). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is American Friends Of Shehebar Sephardic Center Incorporated financially stable given its fluctuating assets and occasional expense overruns?
While the organization has experienced periods where expenses exceeded revenue (e.g., 2022, 2021), and assets have decreased over time from $1.7M in 2014 to $376K in 2023, the latest filing for 2023 shows revenue slightly exceeding expenses. This suggests a more balanced recent financial year, but long-term stability would benefit from building stronger reserves.
How does the 0% officer compensation impact the organization's operations and leadership structure?
The consistent 0% officer compensation suggests that leadership roles may be filled by volunteers or that compensation is covered by other entities, which can significantly reduce administrative overhead and direct more funds towards the mission. It also enhances transparency regarding executive pay.
What is the primary reason for the significant decrease in assets from $1,768,556 in 2014 to $376,058 in 2023?
The provided data does not specify the exact reasons for the asset decrease. It could be due to strategic spending on programs, investment losses, or a deliberate draw-down of reserves to cover operational costs during periods when expenses exceeded revenue. A detailed review of the full 990 forms would be needed to understand the asset management strategy.
Filing History
IRS 990 filing history for American Friends Of Shehebar Sephardic Center Incorporated showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), American Friends Of Shehebar Sephardic Center Incorporated's revenue has grown by 32.4%, moving from $1.6M to $2.1M. Total assets decreased by 86.5% over the same period, from $2.8M to $376K. Total functional expenses rose by 77.1%, from $1.1M to $2.0M. In its most recent filing year (2023), American Friends Of Shehebar Sephardic Center Incorporated reported a surplus of $48K, with revenue exceeding expenses. The organization holds $130K in liabilities against $376K in assets (debt-to-asset ratio: 34.6%), resulting in net assets of $246K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.0M | $376K | $130K | — | View 990 |
| 2022 | $1.7M | $2.0M | $605K | $134K | — | View 990 |
| 2021 | $1.9M | $2.0M | $907K | $145K | — | View 990 |
| 2020 | $1.7M | $1.5M | $1.1M | $199K | — | View 990 |
| 2019 | $2.0M | $2.0M | $722K | $2K | — | View 990 |
| 2018 | $2.3M | $2.5M | $767K | $880 | — | View 990 |
| 2017 | $1.6M | $1.6M | $1.4M | $20K | — | View 990 |
| 2016 | $1.3M | $1.5M | $771K | $1K | — | View 990 |
| 2015 | $1.3M | $1.4M | $1.7M | $16K | — | View 990 |
| 2014 | $1.5M | $1.6M | $1.8M | $4K | — | View 990 |
| 2013 | $1.1M | $1.3M | $1.6M | $22K | — | View 990 |
| 2012 | $976K | $1.0M | $1.8M | $28K | — | View 990 |
| 2011 | $340K | $1.2M | $1.9M | $5K | — | View 990 |
| 2010 | $1.6M | $1.1M | $2.8M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.0M, and assets of $376K (revenue +19.3% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.0M, and assets of $605K (revenue -9.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.0M, and assets of $907K (revenue +16.2% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.5M, and assets of $1.1M (revenue -16.5% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $722K (revenue -12.6% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.5M, and assets of $767K (revenue +45.4% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.6M, and assets of $1.4M (revenue +16.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.5M, and assets of $771K (revenue +5.7% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.4M, and assets of $1.7M (revenue -13.3% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.6M, and assets of $1.8M (revenue +29.2% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.3M, and assets of $1.6M (revenue +16.7% year-over-year).
- 2012: Revenue of $976K, expenses of $1.0M, and assets of $1.8M (revenue +187.3% year-over-year).
- 2011: Revenue of $340K, expenses of $1.2M, and assets of $1.9M (revenue -78.4% year-over-year).
- 2010: Revenue of $1.6M, expenses of $1.1M, and assets of $2.8M.
Data Sources and Methodology
This transparency report for American Friends Of Shehebar Sephardic Center Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.