Brooklyn Islamic Center Inc

Analysis

Brooklyn Islamic Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 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, Brooklyn Islamic Center Inc reported income of $487k and spending of $161k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $556k to $487k (-12%), an average of -12% a year. Over the whole period it spent 27% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Brooklyn Islamic Center Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Fellowship of Christians United for Service Inc ($487k), Eastern Community Church ($487k) and God Seekers Movement Inc ($487k).

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 $64k. At year end it held assets of $4.8m against liabilities of $1.4m, net assets of $3.4m.