Adopt a Shadchan Corp

Analysis

Adopt a Shadchan Corp is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 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 (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, Adopt a Shadchan Corp reported income of $262k and spending of $544k, spending 208% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $732k to $262k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 89% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Adopt a Shadchan Corp sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 66th percentile within NJ. Charities of a similar size with the same main cause include American Wisdom Association ($261k), Bint Jebail Cultural Center ($262k) and Acts17six Inc ($261k).

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 $121k. At year end it held assets of $200k against liabilities of $0, net assets of $200k. It reported 5 employees.