North American Foundation of Islamic Services

Analysis

North American Foundation of Islamic Services is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in August 2009, 17 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 2022, North American Foundation of Islamic Services reported income of $1.4m and spending of $1.2m, spending 81% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $1.6m to $1.4m (-9.8%), an average of -5.0% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, North American Foundation of Islamic Services sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within NC. Charities of a similar size with the same main cause include Greater Vision Community Church ($1.4m), Jewish Study Network Inc ($1.4m) and Rahman Ministries Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 97% of the total. Other salaries and wages came to $106k. At year end it held assets of $3.7m against liabilities of $1.1m, net assets of $2.6m. It reported 7 employees.