Friends of Chabad Morumbi Brazil Charitable Association

Analysis

Friends of Chabad Morumbi Brazil Charitable Association is a registered charity in United States, based in Grayslake, IL. It received its IRS tax-exemption ruling in May 2020, 6 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 Morumbi Brazil Charitable Association reported income of $585k and spending of $584k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $748k to $585k (-22%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Chabad Morumbi Brazil Charitable Association sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Overcomers International Fellowship ($585k), Gloria World Mission ($585k) and Sheperds Foundation ($585k).

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 $61k against liabilities of $136, net assets of $61k.