Friends of Chabad Vocational Schools Inc

Analysis

Friends of Chabad Vocational Schools Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2024, Friends of Chabad Vocational Schools Inc reported income of $89k and spending of $63k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2024, income fell from $178k to $89k (-50%), an average of -16% a year. The sharpest change came in the year to June 2022, when income dropped by 26%. Over the whole period it spent 112% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Chabad Vocational Schools Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Water Underground ($89k), Ican Fund Inc ($89k) and Korean-American Association of Tacoma ($89k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.