Chabad of Columbus

Analysis

Chabad of Columbus is a registered charity in United States, based in New Albany, OH. It received its IRS tax-exemption ruling in June 1996, 30 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 December 2023, Chabad of Columbus reported income of $4.1m and spending of $2.4m, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $4.1m (+97%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chabad of Columbus sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Swaminarayan Aksharpith Inc ($4.1m), Leaves Inc ($4.1m) and Project Inspire Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $184k (7.6% of expenses). Other salaries and wages came to $524k. At year end it held assets of $9.9m against liabilities of $750k, net assets of $9.2m. It reported 20 employees.