Sephardic Center For Rabbinical And Secular Studies Inc
Sephardic Center consistently operates with expenses exceeding revenue, maintaining stable liabilities amidst fluctuating assets.
EIN: 134062240 · Rahway, NJ · NTEE: X30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $714K |
| Total Expenses | $1.0M |
| Program Spending | 80% |
| Net Assets | $-11,712 |
| Transparency Score | 65/100 |
Is Sephardic Center For Rabbinical And Secular Studies Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sephardic Center For Rabbinical And Secular Studies Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sephardic Center For Rabbinical And Secular Studies Inc
Sephardic Center For Rabbinical And Secular Studies Inc (EIN: 134062240) is a nonprofit organization based in Rahway, NJ, classified under NTEE code X30. The organization reported total revenue of $714K and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sephardic Center For Rabbinical And Secular Studies Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sephardic Center For Rabbinical And Secular Studies Inc is a small nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $918K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-124,914 |
| Total Assets | $119K |
| Total Liabilities | $131K |
| Net Assets | $-11,712 |
| Operating Margin | -13.6% |
| Debt-to-Asset Ratio | 109.8% |
| Months of Reserves | 1.4 months |
Financial Health Grade: D
In 2023, Sephardic Center For Rabbinical And Secular Studies Inc reported a deficit of $125K with expenses exceeding revenue, holds 1.4 months of operating reserves (limited), has a debt-to-asset ratio of 109.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sephardic Center For Rabbinical And Secular Studies Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.3% | -7.5% | -31.8% |
| 2022 | -15.5% | -9.4% | -10.6% |
| 2021 | -1.2% | -9.4% | +159.0% |
| 2020 | +3.3% | -9.4% | +11.9% |
| 2019 | -16.8% | -13.7% | -72.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sephardic Center For Rabbinical And Secular Studies Inc with a Mission Score of 65 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Sephardic Center For Rabbinical And Secular Studies Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $125K, with expenses exceeding revenue.
- Debt-to-asset ratio: 109.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer roles, which enhances efficiency but could obscure total leadership costs if not fully transparent in other expense categories.
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 Sephardic Center For Rabbinical And Secular Studies Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in multiple years, e.g., 2023, 2019, 2018)
- Significant fluctuation in assets year-over-year (e.g., $278,452 in 2017 to $67,441 in 2019, then $119,288 in 2023)
- High liabilities relative to assets in certain periods (e.g., $131,000 liabilities vs. $75,451 assets in 2020)
Strengths
The following positive indicators were identified for Sephardic Center For Rabbinical And Secular Studies Inc:
- No reported officer compensation, indicating potential volunteer leadership or highly efficient executive cost management.
- Consistent revenue generation over $1 million for many years (e.g., $1,152,440 in 2022, $1,364,355 in 2021).
Frequently Asked Questions about Sephardic Center For Rabbinical And Secular Studies Inc
Is Sephardic Center For Rabbinical And Secular Studies Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Sephardic Center For Rabbinical And Secular Studies Inc (EIN: 134062240) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Sephardic Center For Rabbinical And Secular Studies Inc spend its money?
Sephardic Center For Rabbinical And Secular Studies Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Sephardic Center For Rabbinical And Secular Studies Inc tax-deductible?
Sephardic Center For Rabbinical And Secular Studies Inc is registered as a tax-exempt nonprofit (EIN: 134062240). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Sephardic Center For Rabbinical And Secular Studies Inc's spending goes to programs?
Sephardic Center For Rabbinical And Secular Studies Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sephardic Center For Rabbinical And Secular Studies Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Sephardic Center For Rabbinical And Secular Studies Inc is above average for NTEE category X30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sephardic Center For Rabbinical And Secular Studies Inc located?
Sephardic Center For Rabbinical And Secular Studies Inc is headquartered in Rahway, New Jersey and files with the IRS under EIN 134062240. It is classified under NTEE code X30.
How many years of IRS 990 filings does Sephardic Center For Rabbinical And Secular Studies Inc have?
Sephardic Center For Rabbinical And Secular Studies Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $714K in total revenue.
What is the nature of the consistent $131,000 liability reported across multiple years?
The consistent $131,000 liability from 2017 to 2023 warrants further investigation to understand its nature (e.g., long-term debt, specific payables) and its impact on the organization's financial stability, especially given its size relative to fluctuating assets.
How does the organization cover its operational deficits when expenses exceed revenue?
With expenses frequently exceeding revenue (e.g., $1,043,001 expenses vs. $918,087 revenue in 2023), it's important to understand how the organization sustains operations, whether through drawing down reserves, specific grants, or other funding sources not detailed in the summary data.
Are there any non-officer compensation expenses that cover executive leadership roles?
Given the 0% officer compensation, it would be beneficial to determine if executive leadership is compensated through other means, such as salaries reported under general administrative expenses, to get a complete picture of leadership costs.
Filing History
IRS 990 filing history for Sephardic Center For Rabbinical And Secular Studies Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sephardic Center For Rabbinical And Secular Studies Inc's revenue has declined by 8.7%, moving from $1.0M to $918K. Total assets increased by 180.3% over the same period, from $43K to $119K. Total functional expenses fell by 16.5%, from $1.2M to $1.0M. In its most recent filing year (2023), Sephardic Center For Rabbinical And Secular Studies Inc reported a deficit of $125K, with expenses exceeding revenue. The organization holds $131K in liabilities against $119K in assets (debt-to-asset ratio: 109.8%), resulting in net assets of $-11,712.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $918K | $1.0M | $119K | $131K | — | View 990 |
| 2022 | $1.2M | $1.1M | $175K | $131K | — | View 990 |
| 2021 | $1.4M | $1.2M | $195K | $131K | — | View 990 |
| 2020 | $1.4M | $1.4M | $75K | $131K | — | View 990 |
| 2019 | $1.3M | $1.5M | $67K | $131K | — | View 990 |
| 2018 | $1.6M | $1.8M | $246K | $131K | — | View 990 |
| 2017 | $1.6M | $1.5M | $278K | $131K | — | View 990 |
| 2016 | $1.6M | $1.6M | $122K | $296K | — | View 990 |
| 2015 | $1.4M | $1.5M | $132K | $496K | — | View 990 |
| 2014 | $1.5M | $1.5M | $199K | $621K | — | View 990 |
| 2013 | $2.4M | $1.4M | $139K | $721K | — | View 990 |
| 2012 | $869K | $1.7M | $71K | $1.7M | — | View 990 |
| 2011 | $1.0M | $1.2M | $43K | $831K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $918K, expenses of $1.0M, and assets of $119K (revenue -20.3% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $175K (revenue -15.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $195K (revenue -1.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $75K (revenue +3.3% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $67K (revenue -16.8% year-over-year).
- 2018: Revenue of $1.6M, expenses of $1.8M, and assets of $246K (revenue +2.6% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $278K (revenue -3.0% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $122K (revenue +14.5% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.5M, and assets of $132K (revenue -7.6% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.5M, and assets of $199K (revenue -37.1% year-over-year).
- 2013: Revenue of $2.4M, expenses of $1.4M, and assets of $139K (revenue +179.1% year-over-year).
- 2012: Revenue of $869K, expenses of $1.7M, and assets of $71K (revenue -13.6% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.2M, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sephardic Center For Rabbinical And Secular Studies Inc:
Data Sources and Methodology
This transparency report for Sephardic Center For Rabbinical And Secular Studies Inc 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.