American Friends of Chabad Vietnam Inc

Analysis

American Friends of Chabad Vietnam Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 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, American Friends of Chabad Vietnam Inc reported income of $515k and spending of $236k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $515k (+161%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 69%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Friends of Chabad Vietnam 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 Buddy Hicks Ministries ($515k), Camp Manna Ministries Inc ($515k) and Right to Life of Central California Education Fund ($515k).

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 $29k (12% of expenses). At year end it held assets of $643k against liabilities of $0, net assets of $643k.