Chabad of Barbados Inc

Analysis

Chabad of Barbados Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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 of Barbados Inc reported income of $716k and spending of $802k, spending 112% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $363k to $716k (+97%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 218%. 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, Chabad of Barbados Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Invade Transitional Home and Ministries Corp ($716k), Jewish Renaissance Experience Inc ($716k) and Center for Contemplative Research ($715k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $24k (3.0% of expenses). At year end it held assets of $102k against liabilities of $63k, net assets of $39k.