Islamic Shia Ithna-Asheri Jamaat of Albany

Analysis

Islamic Shia Ithna-Asheri Jamaat of Albany is a registered charity in United States, based in Guilderland, NY. It received its IRS tax-exemption ruling in September 1996, 30 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, Islamic Shia Ithna-Asheri Jamaat of Albany reported income of $992k and spending of $382k, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $352k to $992k (+182%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 44% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Shia Ithna-Asheri Jamaat of Albany sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Love Inc of the Kenai Peninsula ($992k), Lincoln Heights Outreach Inc ($992k) and Community of Caritas ($990k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $71k (19% of expenses). At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.