Beit Chabad Almagro Inc

Analysis

Beit Chabad Almagro Inc is a registered charity in United States, based in Bay Harbor Is, FL. It received its IRS tax-exemption ruling in August 2003, 23 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 June 2024, Beit Chabad Almagro Inc reported income of $819k and spending of $767k, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $435k to $819k (+88%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Beit Chabad Almagro Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include You Turn Ministries Inc ($818k), Buddhanusorn Inc ($819k) and Seattle Meditation Center ($818k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $576k against liabilities of $62k, net assets of $514k.