Chabad Lubavitch Mitzvah Tank

Analysis

Chabad Lubavitch Mitzvah Tank is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1996, 30 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, Chabad Lubavitch Mitzvah Tank reported income of $528k and spending of $415k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $578k to $528k (-8.7%), an average of -2.3% a year. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chabad Lubavitch Mitzvah Tank sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Chabad of Medellin Colombia Inc ($527k), One Hope ($528k) and Manav Seva Mandir ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $48k (12% of expenses). Other salaries and wages came to $20k. At year end it held assets of $3.3m against liabilities of $60k, net assets of $3.2m. It reported 3 employees.