Chaverim Lemitzva Inc

Analysis

Chaverim Lemitzva Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in June 2022, 4 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, Chaverim Lemitzva Inc reported income of $683k and spending of $732k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $354k to $683k (+93%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chaverim Lemitzva Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Chaplainusa ($683k), Mission Triangle Inc ($683k) and Plain Truth Ministries Worldwide ($683k).

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