Ahlul-Quran Academy Inc

Analysis

Ahlul-Quran Academy Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ahlul-Quran Academy Inc reported income of $68k and spending of $110k, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $253k to $68k (-73%), an average of -28% a year. The sharpest change came in the year to June 2023, when income dropped by 85%. Over the whole period it spent 98% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Ahlul-Quran Academy Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include Victorious Attitudes for Everyday Life Inc ($68k), Utah Sports Hall of Fame Foundation ($68k) and Mary Graham Childrens Foundation Endowment Fund ($68k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $71k against liabilities of $0, net assets of $71k.