Almaghrib Institute Inc

Analysis

Almaghrib Institute Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2005, 21 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, Almaghrib Institute Inc reported income of $3.0m and spending of $2.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.0m (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 72%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Almaghrib Institute Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($3.0m), Columbia Barnard Hillel Inc ($3.0m) and Positive Growth Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $217k (8.0% of expenses). At year end it held assets of $5.6m against liabilities of $175k, net assets of $5.4m. It reported 2 employees.