Lubavitch Chabad of Westborough Inc

Analysis

Lubavitch Chabad of Westborough Inc is a registered charity in United States, based in Westborough, MA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Lubavitch Chabad of Westborough Inc reported income of $720k and spending of $700k, spending 97% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $350k to $720k (+106%), an average of +27% a year. The sharpest change came in the year to December 2019, when income rose by 93%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lubavitch Chabad of Westborough Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Tech Mission Inc ($719k), Leadership Ministries Worldwide ($720k) and Tfi Mission Services ($719k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $537k against liabilities of $0, net assets of $537k.