Chabad of Boquete Inc

Analysis

Chabad of Boquete Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chabad of Boquete Inc reported income of $213k and spending of $211k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $187k to $213k (+14%), an average of +14% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chabad of Boquete Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Hope Chest ($213k), Midlothian Senior Citizens Center Incorporated ($213k) and Eldon Senior Center Meals on Wheels Inc ($213k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.