Iqra Masjid Community & Tradition Inc

Analysis

Iqra Masjid Community & Tradition Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1997, 29 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, Iqra Masjid Community & Tradition Inc reported income of $158k and spending of $105k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $373k to $158k (-58%), an average of -35% a year. The sharpest change came in the year to December 2023, when income rose by 99%. Over the whole period it spent 52% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iqra Masjid Community & Tradition Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include Isaiah 42 12 Missions ($158k), United Brethren Restoration Center ($158k) and Efc Foundation Inc ($158k).

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