Muslim Foundation Inc

Analysis

Muslim Foundation Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in February 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Muslim Foundation Inc reported income of $2.5m and spending of $1.6m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.5m (+63%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Muslim Foundation Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Southeast Enterprises Packaging and Assembly Specialists Inc ($2.5m), Tierra Del Sol Housing Corporation ($2.5m) and Construction Industry Training Council of Colorado Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 6.7% of the total. Other salaries and wages came to $154k. It paid $7,662 in professional fundraising fees. At year end it held assets of $12.8m against liabilities of $3.0m, net assets of $9.8m. It reported 5 employees.