Cong Masbia Lechol Chai Inc

Analysis

Cong Masbia Lechol Chai Inc is a registered charity in United States, based in Airmont, NY. It received its IRS tax-exemption ruling in May 2020, 6 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, Cong Masbia Lechol Chai Inc reported income of $652k and spending of $652k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $186k to $652k (+251%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 234%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cong Masbia Lechol Chai Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include The Mussar Institute ($651k), River House Global Inc ($652k) and Rivers of Hope ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $19k in professional fundraising fees. At year end it held assets of $3,010 against liabilities of $0, net assets of $3,010.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.