Iqra Community Services Inc

Analysis

Iqra Community Services Inc is a registered charity in United States, based in E Brunswick, NJ. It received its IRS tax-exemption ruling in February 2005, 21 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 Community Services Inc reported income of $891k and spending of $50k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $415k to $891k (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 24% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iqra Community Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Al Horreya Inc ($890k), Miracle Healing Center ($891k) and Association for Covenantal Reformed Education ($890k).

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 $4.0m against liabilities of $300k, net assets of $3.7m.