Chabad Girls Academy Inc

Analysis

Chabad Girls Academy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Chabad Girls Academy Inc reported income of $225k and spending of $441k, spending 196% of what it took in. Across the 4 years on record, from August 2019 to August 2022, income fell from $394k to $225k (-43%), an average of -17% a year. The sharpest change came in the year to August 2022, when income dropped by 56%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chabad Girls Academy Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Mehlville High School Band Parents Association ($225k), Construction Career Days Northeast Florida Inc ($225k) and Everman Isd Education Foundation Inc ($225k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). Other salaries and wages came to $141k. At year end it held assets of $297k against liabilities of $496k, net assets of -$198k. It reported 22 employees.