Chabad Soul and Mind Inc

Analysis

Chabad Soul and Mind Inc is a registered charity in United States, based in Glendale, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chabad Soul and Mind Inc reported income of $59k and spending of $60k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $70k to $59k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. 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, Chabad Soul and Mind Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Phuoc Quang Buddhist Temple ($59k), Don Betts Evangelistic Association ($59k) and Robbi Warren Ministries Inc ($59k).

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 $2,033 against liabilities of $0, net assets of $2,033.