Islamic Academy of Burlington County

Analysis

Islamic Academy of Burlington County is a registered charity in United States, based in Burlington, NJ. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Islamic Academy of Burlington County reported income of $1.3m and spending of $999k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $640k to $1.3m (+103%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic Academy of Burlington County sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include The Arizona Episcopal Schools Foundation ($1.3m), Bay Scholars ($1.3m) and Catching the Dream Learning Center ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 26% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $144k (14% of expenses). Other salaries and wages came to $515k. At year end it held assets of $2.6m against liabilities of -$546, net assets of $2.6m. It reported 36 employees.