Chabad of Medellin Colombia Inc

Analysis

Chabad of Medellin Colombia Inc is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in June 2018, 8 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, Chabad of Medellin Colombia Inc reported income of $527k and spending of $543k, spending 103% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $88k to $527k (+499%), an average of +82% a year. The sharpest change came in the year to December 2022, when income rose by 128%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chabad of Medellin Colombia Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Manav Seva Mandir ($527k), Chabad Lubavitch Mitzvah Tank ($528k) and Ywam Myrtle Beach Inc ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $25k (4.6% of expenses). At year end it held assets of $35k against liabilities of $29k, net assets of $5,311.