Chai Corporation C/O Joseph Guttman

Analysis

Chai Corporation C/O Joseph Guttman is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1986, 40 years ago. 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 2023, Chai Corporation C/O Joseph Guttman reported income of $667k and spending of $599k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $367k to $667k (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chai Corporation C/O Joseph Guttman sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Bismarck Gymnastics Academy Inc ($667k), The Samaritan House Inc ($667k) and Mid-Peninsula Ginzton Inc ($667k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $709k against liabilities of $11k, net assets of $698k.