Islamic Education Foundation of New Jersey Inc

Analysis

Islamic Education Foundation of New Jersey Inc is a registered charity in United States, based in Wayne, NJ. It received its IRS tax-exemption ruling in March 1997, 29 years ago. 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 August 2023, Islamic Education Foundation of New Jersey Inc reported income of $4.6m and spending of $4.3m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.5m to $4.6m (+32%), an average of +7.2% a year. The sharpest change came in the year to August 2022, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Islamic Education Foundation of New Jersey Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Diaspora Community Services Inc ($4.6m), Dallas-Fort Worth Hospital Council Education and Research Foundation ($4.6m) and Telesis Center for Learning Inc ($4.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.3% and program service revenue 92% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $5.9m against liabilities of $97k, net assets of $5.8m. It reported 97 employees.