Chai 4ever Inc

Analysis

Chai 4ever Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, 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 December 2023, Chai 4ever Inc reported income of $3.5m and spending of $3.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.5m (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chai 4ever Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include West River Transit Authority Inc ($3.4m), The Arc Baton Rouge ($3.5m) and Choices Are for Everyone Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $426k (13% of expenses). Other salaries and wages came to $519k. At year end it held assets of $5.0m against liabilities of $2.1m, net assets of $2.9m. It reported 15 employees.