Lubavitch of Monsey Inc

Analysis

Lubavitch of Monsey Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Lubavitch of Monsey Inc reported income of $254k and spending of $338k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $353k to $254k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lubavitch of Monsey Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include Surfaid International USA ($254k), Simpson Foundation Inc ($254k) and Greatlife Cares Foundation ($254k).

At year end it held assets of $4.2m against liabilities of $1.8m, net assets of $2.4m.