Bosnian American Islamic Cultural Center

Analysis

Bosnian American Islamic Cultural Center is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Bosnian American Islamic Cultural Center reported income of $582k and spending of $644k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $582k (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 115% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bosnian American Islamic Cultural Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Phap Vu Buddhist Cultural Centre of Florida Inc ($581k), Adventist Medical Evangelism Network-Amen ($582k) and Society for the Advancement of Ecclesial Theology ($581k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (9.4% of expenses). Other salaries and wages came to $14k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 3 employees.