Murid Islamic Community of America Inc

Analysis

Murid Islamic Community of America Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1999, 27 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, Murid Islamic Community of America Inc reported income of $761k and spending of $300k, leaving 61% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $223k to $761k (+241%), an average of +85% a year. The sharpest change came in the year to December 2022, when income rose by 183%. Over the whole period it spent 54% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Murid Islamic Community of America Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Hearts on Fire Ministries Inc ($761k), Bridgeport Islamic Community Center ($761k) and Royal Corporation ($761k).

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 $22k. It paid $9,950 in professional fundraising fees. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.