Muslim Community Center Incorporate

Analysis

Muslim Community Center Incorporate is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1970, 56 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Muslim Community Center Incorporate reported income of $9.9m and spending of $8.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.7m to $9.9m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Muslim Community Center Incorporate sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IL. Charities of a similar size with the same main cause include Launch Global ($9.9m), Community Development Inc ($10.0m) and G O Ministries Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $291k (3.4% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $19.4m against liabilities of $2.4m, net assets of $17.0m. It reported 145 employees.