American Friends of Chabad of Portugal Inc

Analysis

American Friends of Chabad of Portugal Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in August 2013, 13 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, American Friends of Chabad of Portugal Inc reported income of $310k and spending of $168k, leaving 46% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $253k to $310k (+23%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 133%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Friends of Chabad of Portugal Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within CT. Charities of a similar size with the same main cause include T C T of Michigan Inc ($310k), Rainbow Ministries-Tu Projimo Inc ($310k) and Gideon Fellowship International ($310k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $453k against liabilities of $652, net assets of $453k.