Project Ijtihad

Analysis

Project Ijtihad is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2005, 21 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 February 2023, Project Ijtihad reported income of $216k and spending of $411k, spending 191% of what it took in. Across the 5 years on record, from February 2019 to February 2023, income grew from $61k to $216k (+257%), an average of +37% a year. The sharpest change came in the year to February 2022, when income rose by 1767%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Project Ijtihad sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Mikvah Sara Laya Binyan Liba ($216k), New Life International Christian Ministry Inc ($216k) and Mir Ministries ($216k).

On its Form 990 for the period ending February 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $150k (36% of expenses). At year end it held assets of $927k against liabilities of $157k, net assets of $770k.