Islamic Society of Midwest Inc

Analysis

Islamic Society of Midwest Inc is a registered charity in United States, based in Mount Prospect, IL. It received its IRS tax-exemption ruling in April 2009, 17 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 Society of Midwest Inc reported income of $224k and spending of $193k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $167k to $224k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Society of Midwest Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within IL. Charities of a similar size with the same main cause include Lao Dhamma Sacca Temple Inc ($224k), Lalitha Peetham ($224k) and Project Lee Ministries Inc ($224k).

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 $76k. At year end it held assets of $73k against liabilities of $0, net assets of $73k. It reported 1 employees.