Ideal Islamic Inc

Analysis

Ideal Islamic Inc is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ideal Islamic Inc reported income of $50k and spending of $50k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $53k to $50k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ideal Islamic Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Jonathan Elementary School Parent Teacher Organization ($50k), Charlemagne at Fox Hollow PTO Company ($50k) and Sibley Betterment Association ($50k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $953k against liabilities of $453k, net assets of $500k.