Islamic Education Society of Maryland Inc

Analysis

Islamic Education Society of Maryland Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Islamic Education Society of Maryland Inc reported income of $104k and spending of $28k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $143k to $104k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Education Society of Maryland Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include PR 22 6 Resource Ministry Inc ($104k), Shining Bright Outreach Ministries ($104k) and By His Design Ministries Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $447k against liabilities of $6,056, net assets of $441k.