Friends of Chabad of the Dominican

Analysis

Friends of Chabad of the Dominican is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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, Friends of Chabad of the Dominican reported income of $233k and spending of $238k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $291k to $233k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Chabad of the Dominican sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Gospel Light Ministries ($233k), Stepping Stone Ministry Inc ($233k) and Faith Tabernacle Comm Church ($233k).

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 $24k against liabilities of $0, net assets of $24k.