Lubavitch Colombia Inc

Analysis

Lubavitch Colombia Inc is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in July 2018, 8 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, Lubavitch Colombia Inc reported income of $201k and spending of $127k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $87k to $201k (+130%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lubavitch Colombia Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Profound Treasury Dharma Foundation Inc ($201k), Nerys Promise ($201k) and Nomad Church Collective Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $50k (39% of expenses). At year end it held assets of $109k against liabilities of $4,758, net assets of $104k.