Chabad of Medford Inc

Analysis

Chabad of Medford Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in September 2023, 3 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 June 2020, Chabad of Medford Inc reported income of $412k and spending of $307k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2019 to June 2020, income grew from $312k to $412k (+32%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chabad of Medford Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Menlough Study Center Inc ($412k), Eyes Wide Open Ministries Inc ($412k) and The Cooperstown Bible Camp Association of the Evangelical ($412k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $77k. At year end it held assets of $1.8m against liabilities of $712k, net assets of $1.1m. It reported 2 employees.