Islamic Institute of Torrance

Analysis

Islamic Institute of Torrance is a registered charity in United States, based in Torrance, CA. 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 church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Islamic Institute of Torrance reported income of $125k and spending of $66k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $374k to $125k (-67%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 33% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Institute of Torrance sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Campus Fellowship Inc ($124k), Cross & Crown Outreach - a Mission of the Kingdom of God ($125k) and Zerubbabel Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $31k. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.