Friends of Chabad of Cartagena Inc

Analysis

Friends of Chabad of Cartagena Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 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 of Cartagena Inc reported income of $171k and spending of $201k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $171k (+95%), an average of +95% a year. The sharpest change came in the year to December 2023, when income rose by 95%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Chabad of Cartagena Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Big Sky Chapel Inc ($171k), Hill of Hope Inc ($171k) and Loudoun Islamic Center ($171k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.