Merkos L Inyounei Chinuch Lubavitch of Indiana Inc

Analysis

Merkos L Inyounei Chinuch Lubavitch of Indiana Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in January 1982, 44 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Merkos L Inyounei Chinuch Lubavitch of Indiana Inc reported income of $1.2m and spending of $797k, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.4m to $1.2m (-52%), an average of -17% a year. The sharpest change came in the year to September 2020, when income dropped by 80%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Merkos L Inyounei Chinuch Lubavitch of Indiana Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within IN. Charities of a similar size with the same main cause include Wesleyan Covenant Association ($1.2m), Harvestnet International ($1.2m) and Bethany Center for Prayer and Renewal Inc ($1.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 27% of the total. Other salaries and wages came to $19k. At year end it held assets of $5.1m against liabilities of $287k, net assets of $4.8m.