Lubavitch House at Penn Inc

Analysis

Lubavitch House at Penn Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Lubavitch House at Penn Inc reported income of $168k and spending of $236k, spending 141% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $213k to $168k (-21%), an average of -5.8% a year. The sharpest change came in the year to October 2020, when income dropped by 19%. Over the whole period it spent 135% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lubavitch House at Penn Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within PA. Charities of a similar size with the same main cause include Seniors Creating Art ($168k), West Alexandria Day Care Center Inc ($168k) and Azul Fashion Art & Design Inc ($167k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. At year end it held assets of $3.6m against liabilities of $1.5m, net assets of $2.1m.

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.