Chabad Jewish Center of Stamford Inc

Analysis

Chabad Jewish Center of Stamford Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 2023, Chabad Jewish Center of Stamford Inc reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $936k to $1.3m (+37%), an average of +8.2% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chabad Jewish Center of Stamford Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Girls on the Run Serving Greater Kansas City Missouri ($1.3m), Christian Food Bank of Hopkins County Inc ($1.3m) and Womens Care Center of Irc Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $334k. At year end it held assets of $1.7m against liabilities of $1.1m, net assets of $575k.