Academy of Saut Ul Furqan Inc

Analysis

Academy of Saut Ul Furqan Inc is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in June 2014, 12 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 December 2023, Academy of Saut Ul Furqan Inc reported income of $104k and spending of $145k, spending 140% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $147k to $104k (-29%), an average of -11% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Academy of Saut Ul Furqan Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 46th percentile within NJ. Charities of a similar size with the same main cause include Parent Booster USA Inc ($104k), Driving for Dyslexia ($104k) and Alabama School Counselor Association ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $26k (18% of expenses). Other salaries and wages came to $11k. At year end it held assets of $486k against liabilities of $159k, net assets of $328k. It reported 2 employees.