Overview
What is American Friends Of Chabad Of Thailand Inc?
American Friends of Chabad of Thailand Inc is a nonprofit organization situated in Port Washington, New York. Their primary mission is to offer financial aid to religious institutions in Thailand and India, ensuring the availability of religious services for Jews residing, traveling, or working in these regions. They accomplish this by granting funds to various outreach centers situated throughout Thailand and its surrounding areas, thereby promoting religious outreach in Thailand.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
American Friends Of Chabad Of Thailand Inc has received a low rating of 57% from Charity Navigator, which reflects significant concerns regarding its financial management and accountability practices. While the organization boasts a strong program expense ratio of 82.91% and efficient fundraising efforts, it struggles with critical areas such as financial transparency and sustainability. The organization lacks financial statements and has a concerning liabilities to assets ratio of 904.16%, indicating potential financial instability.
On the positive side, the nonprofit has a fully independent board, which shows a commitment to governance and oversight. All board members are independent, and the organization adheres to several best practices, such as having a conflict of interest policy and retaining key documents. These strengths highlight a level of organizational integrity and operational respectability, which is crucial for donor confidence.
However, the absence of financial statements and negative working capital ratio raises valid concerns about the organization's long-term financial health. The lack of transparency in financial reporting may deter potential donors who prioritize accountability. Overall, while the organization demonstrates strong governance practices, its financial challenges warrant careful consideration for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Chabad Of Thailand Inc legitimate?
American Friends Of Chabad Of Thailand Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Chabad Of Thailand Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $51,204
For more financial information, click here
Official website here: www.none
What is the mission statement of American Friends Of Chabad Of Thailand Inc?
American Friends of Chabad of Thailand Inc's mission is centered around supporting religious outreach. The organization extends its support to various outreach centers located in Thailand and surrounding areas. Their primary goal is to cater to the religious needs of Jews who reside, visit, or conduct business in these regions. To accomplish this, they provide financial aid to religious organizations in Thailand and India, enabling them to offer religious services effectively.
Official website here: www.none
What is the revenue of American Friends Of Chabad Of Thailand Inc?
American Friends Of Chabad Of Thailand Inc's revenue in 2023 was $3,076,104.
Official website here: www.none
Who are the executives of American Friends Of Chabad Of Thailand Inc and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of American Friends Of Chabad Of Thailand Inc
American Friends of Chabad of Thailand Inc is an organization dedicated to supporting religious outreach. Its mission is to extend aid to various religious centers situated in Thailand and its surrounding areas. The primary objective of this nonprofit is to cater to the religious needs of Jews who reside, travel, or conduct business in Thailand and India. To accomplish this, the organization provides financial assistance to religious organizations in both countries, enabling them to deliver religious services to their Jewish communities. By doing so, American Friends of Chabad of Thailand Inc plays a significant role in fostering a sense of spiritual unity and support among Jews in these regions.
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Impact
July, 2024
American Friends Of Chabad Of Thailand Inc provides crucial support for religious outreach in Thailand, making a significant impact on the Jewish community in the region. Through grants to multiple outreach centers, this organization ensures that Jews living, visiting, or working in Thailand and surrounding areas have access to vital religious services. By focusing on meeting the religious needs of individuals in these communities, American Friends Of Chabad Of Thailand Inc plays a key role in preserving and strengthening Jewish life in the region.
This information is meant to be a general summary of American Friends Of Chabad Of Thailand Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Gross Receipts: $3,076,104
Assets and Liabilities:
- Total Assets: $57,622
- Total Liabilities: $521,000
- Net Assets: -$463,378
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Organization Details
Founding Year
2003
Principal Officer
Joseph C Kantor
Website
www.noneNTEE Category
Code: X30 - Religion related
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