American Friends of Chabad of Thailand Inc

Analysis

American Friends of Chabad of Thailand Inc is a registered charity in United States, based in PRT Washingtn, NY. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Friends of Chabad of Thailand Inc reported income of $3.1m and spending of $4.1m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.1m (+79%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 24%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Friends of Chabad of Thailand Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Advaita Society ($3.1m), The Great Passion Play ($3.1m) and The Hasten Hebrew Academy of Indianapolis Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $150k against liabilities of $1.6m, net assets of -$1.5m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.