Chabad of Coral Way Inc

Analysis

Chabad of Coral Way Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chabad of Coral Way Inc reported income of $97k and spending of $120k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $52k to $97k (+87%), an average of +86% a year. The sharpest change came in the year to December 2023, when income rose by 87%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chabad of Coral Way Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within FL. Charities of a similar size with the same main cause include Edge Venture Ministries Inc ($97k), Fiducia Community Inc ($97k) and Catholic Mission Aid ($97k).

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 $29k against liabilities of $0, net assets of $29k.