Taq Waqf Inc

Analysis

Taq Waqf Inc is a registered charity in United States, based in Stephens City, VA. It received its IRS tax-exemption ruling in August 2022, 4 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, Taq Waqf Inc reported income of $470k and spending of $119k, leaving 75% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $6,293 to $470k (+7375%), an average of +765% a year. The sharpest change came in the year to December 2022, when income rose by 1387%. Over the whole period it spent 40% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Taq Waqf Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Bob Crow World Mission Outreach Church Incorporated ($470k), Christian Television Corporation of Pensacola-Mobile Inc ($471k) and Xingu Mission ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $76k (64% of expenses). At year end it held assets of $369k against liabilities of $0, net assets of $369k.