Miftaahul Uloom Inc

Analysis

Miftaahul Uloom Inc is a registered charity in United States, based in Union City, NJ. It received its IRS tax-exemption ruling in October 1996, 30 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 June 2023, Miftaahul Uloom Inc reported income of $1.7m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.7m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Miftaahul Uloom Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Suitup Incorporated ($1.7m), Preschool Partners ($1.7m) and Hunter College Auxiliary Enterprises Corporation ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $69k (4.5% of expenses). Other salaries and wages came to $712k. At year end it held assets of $2.6m against liabilities of $3.0m, net assets of -$331k. It reported 36 employees.