Chabad Torah Center Inc

Analysis

Chabad Torah Center Inc is a registered charity in United States, based in Morristown, NJ. It received its IRS tax-exemption ruling in May 2015, 11 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 Torah Center Inc reported income of $59k and spending of $41k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $59k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chabad Torah Center Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Camp Zimmerman Foundation Incorporated ($59k), Ministerios Exodo Lugar de Addracion Y Salvacion Inc ($59k) and Casa de Alabanza Worship House Inc ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.