Islamic Foundation of Iowa Inc

Analysis

Islamic Foundation of Iowa Inc is a registered charity in United States, based in Waterloo, IA. It received its IRS tax-exemption ruling in September 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foundation of Iowa Inc reported income of $508k and spending of $479k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $382k to $508k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Islamic Foundation of Iowa Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within IA. Charities of a similar size with the same main cause include Minnesota Dairy Initiative ($508k), Merry Manor School of Childhood Inc ($508k) and Warm Hearts - Warm Babies Inc ($508k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $198k. At year end it held assets of $166k against liabilities of $0, net assets of $166k. It reported 43 employees.