Islamic Circle of North America

Analysis

Islamic Circle of North America is a registered charity in United States, based in Corona, CA. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Circle of North America reported income of $255k and spending of $211k, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $186k to $255k (+37%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 89% 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 sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Mt Joy Baptist Church ($255k), Seattle 2030 District ($255k) and Barnabas Group Inc ($255k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $285k against liabilities of $481k, net assets of -$196k.