Jcrafts by Chabad Inc

Analysis

Jcrafts by Chabad Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in September 2012, 14 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, Jcrafts by Chabad Inc reported income of $269k and spending of $277k, spending 103% of its income. Across the 2 years on record, from December 2021 to December 2023, income grew from $241k to $269k (+12%), an average of +12% a year. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Jcrafts by Chabad Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include CDM International ($269k), Alpha Omega Ministries ($269k) and Mekong Multiply Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $104k (38% of expenses). Other salaries and wages came to $6,438. At year end it held assets of $25k against liabilities of $0, net assets of $25k. It reported 2 employees.