Al-Iman School

Analysis

Al-Iman School is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in July 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Al-Iman School reported income of $1.7m and spending of $1.3m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $407k to $1.7m (+307%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Al-Iman School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Barona Charter School Inc ($1.7m), Yeshiva Shaarei Arazim ($1.7m) and Cornerstone Credit Union Foundation ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 99% of the total. Other salaries and wages came to $802k. At year end it held assets of $944k against liabilities of $4.0m, net assets of -$3.0m. It reported 32 employees.