Chofetz Chaim Heritage of Lakewood Inc

Analysis

Chofetz Chaim Heritage of Lakewood Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 2005, 21 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, Chofetz Chaim Heritage of Lakewood Inc reported income of $890k and spending of $924k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $796k to $890k (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chofetz Chaim Heritage of Lakewood Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Milwaukee Muslim Womens Coalition Inc ($889k), Centered for Life Inc ($890k) and Frontline Chaplains International ($888k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $622k. At year end it held assets of $50k against liabilities of $119k, net assets of -$69k. It reported 19 employees.