Islamic Society of Tracy

Analysis

Islamic Society of Tracy is a registered charity in United States, based in Tracy, CA. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Islamic Society of Tracy reported income of $237k and spending of $144k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $190k to $237k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 44% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic Society of Tracy sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Literacy Connection ($237k), D K E Alumni Foundation Inc ($237k) and Battle Creek Saturday Japanese School ($237k).

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 $1.3m against liabilities of $100k, net assets of $1.2m.