Islamic Circle of North America-New Jersey

Analysis

Islamic Circle of North America-New Jersey is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in December 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 December 2023, Islamic Circle of North America-New Jersey reported income of $949k and spending of $1.0m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $548k to $949k (+73%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Circle of North America-New Jersey sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Christian Family Center Inc C/O Robert Kea ($949k), Donor Advised Fund of the Virginia Baptist Foundation ($950k) and Rivendell Institute Inc ($949k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $181k. At year end it held assets of $2.1m against liabilities of $76k, net assets of $2.0m. It reported 6 employees.