Sephardic Heritage Museum Inc
Sephardic Heritage Museum Inc. shows volatile financial performance with frequent operational deficits despite substantial assets.
EIN: 203249437 · New York, NY · NTEE: A540 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $28.0M |
| Total Expenses | $4.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $10 |
| Net Assets | $14.0M |
| Transparency Score | 65/100 |
Is Sephardic Heritage Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Sephardic Heritage Museum Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Sephardic Heritage Museum Inc
Sephardic Heritage Museum Inc (EIN: 203249437) is a nonprofit organization based in New York, NY, classified under NTEE code A540. The organization reported total revenue of $28.0M and total assets of $15.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sephardic Heritage Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sephardic Heritage Museum Inc is a large nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.7M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-702,906 |
| Total Assets | $15.3M |
| Total Liabilities | $1.3M |
| Net Assets | $14.0M |
| Operating Margin | -19.1% |
| Debt-to-Asset Ratio | 8.3% |
| Months of Reserves | 41.9 months |
Financial Health Grade: B
In 2023, Sephardic Heritage Museum Inc reported a deficit of $703K with expenses exceeding revenue, holds 41.9 months of operating reserves (strong position), has a debt-to-asset ratio of 8.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Sephardic Heritage Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.2% | -54.6% | -1.1% |
| 2022 | +184.4% | +455.4% | -19.5% |
| 2021 | +376.1% | +7.5% | +22.6% |
| 2020 | -78.6% | -26.4% | -2.5% |
| 2019 | +115.5% | +4.0% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Heritage Museum 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 Heritage Museum 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 $703K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization with assets ranging from $10 million to over $22 million, suggesting either a fully volunteer executive team or compensation is not categorized as 'officer compensation' in these filings.
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 Heritage Museum Inc's IRS 990 filings:
- Frequent operational deficits, with expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2020, 2019, 2018, 2017).
- Highly volatile revenue streams, indicating potential reliance on unpredictable large donations.
- Unusually low program spending in some years relative to total expenses, though specific program spending percentages are not provided in the raw data.
- Consistent 0% officer compensation reported, which may obscure actual leadership costs if compensation is categorized elsewhere.
Strengths
The following positive indicators were identified for Sephardic Heritage Museum Inc:
- Substantial asset base, consistently above $10 million and often over $15 million, providing a financial cushion.
- Significant revenue generation in certain years, demonstrating capacity to attract large contributions (e.g., $17.9M in 2016, $27.9M latest).
- Relatively low liabilities compared to assets in most recent years (e.g., $1.2M liabilities vs. $15.2M assets in 2023).
Frequently Asked Questions about Sephardic Heritage Museum Inc
Is Sephardic Heritage Museum Inc a legitimate charity?
Sephardic Heritage Museum Inc (EIN: 203249437) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $28.0M. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Sephardic Heritage Museum Inc spend its money?
Sephardic Heritage Museum Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Sephardic Heritage Museum Inc tax-deductible?
Sephardic Heritage Museum Inc is registered as a tax-exempt nonprofit (EIN: 203249437). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Sephardic Heritage Museum Inc CEO make?
Sephardic Heritage Museum Inc's highest-compensated officer earns $10 annually. The organization reported $28.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Sephardic Heritage Museum Inc's spending goes to programs?
Sephardic Heritage Museum Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Sephardic Heritage Museum Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Sephardic Heritage Museum Inc is above average for NTEE category A540 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Sephardic Heritage Museum Inc located?
Sephardic Heritage Museum Inc is headquartered in New York, New York and files with the IRS under EIN 203249437. It is classified under NTEE code A540.
How many years of IRS 990 filings does Sephardic Heritage Museum Inc have?
Sephardic Heritage Museum 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 $28.0M in total revenue.
Is Sephardic Heritage Museum Inc. financially stable?
The organization's financial stability is questionable given the frequent operational deficits, such as in 2023 where expenses ($4,373,524) exceeded revenue ($3,670,618), and in 2022 where expenses ($9,630,662) significantly outpaced revenue ($5,335,130). While assets are substantial, consistent deficits can erode reserves over time.
What is the trend in the organization's revenue?
Revenue has been highly volatile, ranging from a low of $223,386 in 2017 to a high of $17,990,265 in 2016, and $27,953,585 in the latest reported period. This indicates reliance on sporadic large contributions rather than consistent, predictable income streams.
How does the organization manage its liabilities?
Liabilities have fluctuated, from a low of $62,563 in 2017 to a high of $5,141,769 in 2015. In 2023, liabilities were $1,264,093, which is manageable relative to its $15,280,975 in assets, but the significant swings warrant attention.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size and asset base. It could indicate that executive leadership is entirely volunteer-based, or that compensation is reported under different expense categories, which would reduce transparency regarding leadership costs.
Filing History
IRS 990 filing history for Sephardic Heritage Museum Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sephardic Heritage Museum Inc's revenue has grown by 46.1%, moving from $2.5M to $3.7M. Total assets increased by 154.6% over the same period, from $6.0M to $15.3M. Total functional expenses rose by 672.4%, from $566K to $4.4M. In its most recent filing year (2023), Sephardic Heritage Museum Inc reported a deficit of $703K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $15.3M in assets (debt-to-asset ratio: 8.3%), resulting in net assets of $14.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $4.4M | $15.3M | $1.3M | — | View 990 |
| 2022 | $5.3M | $9.6M | $15.5M | $966K | — | View 990 |
| 2021 | $1.9M | $1.7M | $19.2M | $954K | — | — |
| 2020 | $394K | $1.6M | $15.7M | $666K | — | View 990 |
| 2019 | $1.8M | $2.2M | $16.1M | $250K | — | View 990 |
| 2018 | $853K | $2.1M | $16.4M | $65K | — | View 990 |
| 2017 | $223K | $5.2M | $21.5M | $63K | — | View 990 |
| 2016 | $18.0M | $1.4M | $22.2M | $63K | — | View 990 |
| 2015 | $730K | $753K | $11.1M | $5.1M | — | View 990 |
| 2014 | $477K | $556K | $10.3M | $4.3M | — | View 990 |
| 2013 | $905K | $566K | $9.0M | $3.0M | — | View 990 |
| 2012 | $211K | $534K | $7.4M | $1.7M | — | View 990 |
| 2011 | $2.5M | $566K | $6.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $4.4M, and assets of $15.3M (revenue -31.2% year-over-year).
- 2022: Revenue of $5.3M, expenses of $9.6M, and assets of $15.5M (revenue +184.4% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $19.2M (revenue +376.1% year-over-year).
- 2020: Revenue of $394K, expenses of $1.6M, and assets of $15.7M (revenue -78.6% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.2M, and assets of $16.1M (revenue +115.5% year-over-year).
- 2018: Revenue of $853K, expenses of $2.1M, and assets of $16.4M (revenue +281.6% year-over-year).
- 2017: Revenue of $223K, expenses of $5.2M, and assets of $21.5M (revenue -98.8% year-over-year).
- 2016: Revenue of $18.0M, expenses of $1.4M, and assets of $22.2M (revenue +2363.9% year-over-year).
- 2015: Revenue of $730K, expenses of $753K, and assets of $11.1M (revenue +53.0% year-over-year).
- 2014: Revenue of $477K, expenses of $556K, and assets of $10.3M (revenue -47.3% year-over-year).
- 2013: Revenue of $905K, expenses of $566K, and assets of $9.0M (revenue +328.8% year-over-year).
- 2012: Revenue of $211K, expenses of $534K, and assets of $7.4M (revenue -91.6% year-over-year).
- 2011: Revenue of $2.5M, expenses of $566K, and assets of $6.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sephardic Heritage Museum Inc:
Data Sources and Methodology
This transparency report for Sephardic Heritage Museum 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.