Shabtai

Analysis

Shabtai is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in September 2020, 6 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, Shabtai reported income of $238k and spending of $451k, spending 190% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $174k to $238k (+37%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income dropped by 274%. Over the whole period it spent 536% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Shabtai sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Huyen Quang Buddhist Research Institute ($238k), International Sangha Bhikshu Buddhist Nuns Congregation ($238k) and Revive Ohio Mobile Outreach Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $80k. At year end it held assets of $1.6m against liabilities of $4.1m, net assets of -$2.5m. It reported 2 employees.

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.