Iqra Muslim Foundation of America Inc

Analysis

Iqra Muslim Foundation of America Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 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, Iqra Muslim Foundation of America Inc reported income of $117k and spending of $71k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $89k to $117k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 43% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iqra Muslim Foundation of America Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include In His Grip Ministries Inc ($117k), Anchor Stone Christian Church ($117k) and Planted International Inc ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $611k against liabilities of $24k, net assets of $586k.