Chabad-Lubavitch of South Carolina Inc

Analysis

Chabad-Lubavitch of South Carolina Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in September 1988, 38 years ago. 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 June 2021, Chabad-Lubavitch of South Carolina Inc reported income of $623k and spending of $453k, leaving 27% of income unspent that year. Across the 3 years on record, from June 2019 to June 2021, income grew from $486k to $623k (+28%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 45%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chabad-Lubavitch of South Carolina 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 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Austin Bar Foundation ($623k), Mount Vernon Arts Consortium Inc ($623k) and Sean Humphrey House a Non-Profit Corporation ($623k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 87% and program service revenue 14% of the total. At year end it held assets of $758k against liabilities of $272k, net assets of $486k. It reported 4 employees.