Al-Iman Institute

Analysis

Al-Iman Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in December 2013, 13 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Al-Iman Institute reported income of $306k and spending of $283k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $267k to $306k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Al-Iman Institute sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within IL. Charities of a similar size with the same main cause include Orcas Island Foundation ($306k), Epps Christian Center Inc ($306k) and Somebody Cares Tampa Bay Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $171k against liabilities of $44k, net assets of $127k.