Islamic Scholarship Fund

Analysis

Islamic Scholarship Fund is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Scholarship Fund reported income of $1.0m and spending of $1.1m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $633k to $1.0m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic Scholarship Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Student Government St Johns Queens Campus Inc ($1.0m), Guadalupe Montessori School Inc ($1.0m) and Santa Fe Girls School ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 111% of the total. Compensation of current officers, directors and key employees was $130k (12% of expenses). Other salaries and wages came to $303k. At year end it held assets of $2.8m against liabilities of $33k, net assets of $2.8m. It reported 6 employees.