Chabad of Bensonhurst Inc

Analysis

Chabad of Bensonhurst Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2021, 5 years ago. 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, Chabad of Bensonhurst Inc reported income of $192k and spending of $106k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $207k to $192k (-7.2%), an average of -7.2% a year. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chabad of Bensonhurst Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Metropolitan Housing Development Corporation ($192k), The Ohio State University ($192k) and New Orleans Educational Telecommunications Consortium ($192k).

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 $176k against liabilities of $0, net assets of $176k.