Chayenu Inc

Analysis

Chayenu Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2011, 15 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, Chayenu Inc reported income of $2.1m and spending of $2.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $916k to $2.1m (+129%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chayenu Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Aim Higher Foundation ($2.1m), Independent Catholic Foundation ($2.1m) and Strong Tower Christian Media ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $218k (9.6% of expenses). Other salaries and wages came to $164k. At year end it held assets of $350k against liabilities of $783k, net assets of -$434k. It reported 7 employees.