Islamic Academy of Alabama- Inc

Analysis

Islamic Academy of Alabama- Inc is a registered charity in United States, based in Homewood, AL. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Islamic Academy of Alabama- Inc reported income of $1.5m and spending of $1.7m, spending 117% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.5m (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic Academy of Alabama- Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Lycee Franco-Americain International School Inc ($1.5m), Ridgewood School Association ($1.5m) and Happy Jacks Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 73% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $759k against liabilities of $0, net assets of $759k. It reported 33 employees.