Chabad Lubavitch Torah Educational Services

Analysis

Chabad Lubavitch Torah Educational Services is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chabad Lubavitch Torah Educational Services reported income of $565k and spending of $296k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $565k (+322%), an average of +322% a year. The sharpest change came in the year to December 2023, when income rose by 322%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chabad Lubavitch Torah Educational Services sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Hand Up Foundation ($565k), Open Doors Inc ($565k) and Operation Breakthrough Foundation ($565k).

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 $18k. At year end it held assets of $305k against liabilities of $0, net assets of $305k.