Islamic Circle of North America Inc

Analysis

Islamic Circle of North America Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in December 1988, 38 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, Islamic Circle of North America Inc reported income of $5.4m and spending of $4.5m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.4m (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Circle of North America Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Family Promise of Spokane ($5.4m), Geneva Camp & Retreat Center ($5.5m) and Catholic Foundation of Oklahoma Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $10.4m against liabilities of $200k, net assets of $10.2m. It reported 38 employees.