Lubavitch Barranquilla Inc

Analysis

Lubavitch Barranquilla Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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, Lubavitch Barranquilla Inc reported income of $178k and spending of $77k, leaving 56% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $109k to $178k (+64%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 31% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lubavitch Barranquilla Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Voices Organized in Civic Engagement Education Fund Inc ($178k), International Community Church ($178k) and Joy Ministries ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $329k against liabilities of $0, net assets of $329k.