Friends of Chabad-Lubavitch Bolivia

Analysis

Friends of Chabad-Lubavitch Bolivia is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of Chabad-Lubavitch Bolivia reported income of $949k and spending of $861k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $615k to $949k (+54%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 36%. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Chabad-Lubavitch Bolivia sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Himalayan Childrens Charities Inc ($949k), Leaders in Furthering Education Inc ($949k) and American Committee for Ahavas Torah Inc ($948k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $36k (4.2% of expenses). At year end it held assets of $1.6m against liabilities of $151k, net assets of $1.5m.