Northeast Islamic Community Center Inc

Analysis

Northeast Islamic Community Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1995, 31 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, Northeast Islamic Community Center Inc reported income of $102k and spending of $106k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $187k to $102k (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income rose by 1108%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Northeast Islamic Community Center Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Covenant Bible Institute of Theology Inc ($102k), Gulu Methodist Partnership Incorporated ($102k) and Paramita Buddhist Monastery ($102k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $7,537. At year end it held assets of $9,711 against liabilities of $40, net assets of $9,671. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.