Gwinnett Islamic Circle Inc

Analysis

Gwinnett Islamic Circle Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in May 2006, 20 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, Gwinnett Islamic Circle Inc reported income of $708k and spending of $1.1m, spending 154% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $1.7m to $708k (-59%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 53% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gwinnett Islamic Circle Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include World Jewish Relief USA Inc ($708k), Outreach Christian Fellowship ($708k) and Union Houston Inc ($708k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $136k. At year end it held assets of $4.1m against liabilities of $0, net assets of $4.1m.

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.