Cheder Chabad-Monsey

Analysis

Cheder Chabad-Monsey is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Cheder Chabad-Monsey reported income of $9.8m and spending of $9.8m, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $5.9m to $9.8m (+68%), an average of +14% a year. The sharpest change came in the year to July 2022, when income rose by 57%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cheder Chabad-Monsey sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include New Los Angeles Charter School ($9.8m), Progress in Education Inc ($9.8m) and Mid-Hudson Valley Early Education Center ($9.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $160k (1.6% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $3.5m against liabilities of $3.4m, net assets of $107k. It reported 171 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.