Baitulmaal Inc

Analysis

Baitulmaal Inc is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Baitulmaal Inc reported income of $23.7m and spending of $13.5m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $23.7m (+299%), an average of +41% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Baitulmaal Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within TX. Charities of a similar size with the same main cause include Womens World Banking Inc ($23.6m), Women for Women International ($23.7m) and Fund for Global Human Rights ($23.5m).

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 $1.5m. At year end it held assets of $12.3m against liabilities of $971k, net assets of $11.3m. It reported 28 employees.