Chabad Lubavitch of Cancun Inc

Analysis

Chabad Lubavitch of Cancun Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2017, 9 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, Chabad Lubavitch of Cancun Inc reported income of $674k and spending of $700k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $674k (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chabad Lubavitch of Cancun 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 A Place in Time Christian Ministries Inc ($674k), Northeast Albuquerque Church of Christ Inc ($674k) and Throne of Grace Ministries Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $688k against liabilities of $22k, net assets of $666k. It reported 2 employees.