American Friends of Chabad by the Galleries Inc

Analysis

American Friends of Chabad by the Galleries Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, American Friends of Chabad by the Galleries Inc reported income of $348k and spending of $347k, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $48k to $348k (+633%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 1236%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Friends of Chabad by the Galleries Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 69th percentile within TX. Charities of a similar size with the same main cause include Ministerio de Iglesias Evangelicas Poder Del Alfarero Inc ($348k), International Golden Eagle Ministries ($348k) and Westminster Camp Ajawah ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $2,929 (0.8% of expenses). At year end it held assets of $42k against liabilities of $0, net assets of $42k.