Iqra Academy of Palos Verdes

Analysis

Iqra Academy of Palos Verdes is a registered charity in United States, based in RLLNG HLS Est, CA. It received its IRS tax-exemption ruling in March 2012, 14 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 November 2023, Iqra Academy of Palos Verdes reported income of $177k and spending of $92k, leaving 48% of income unspent that year. Across the 2 years on record, from November 2022 to November 2023, income grew from $109k to $177k (+62%), an average of +62% a year. The sharpest change came in the year to November 2023, when income rose by 62%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iqra Academy of Palos Verdes sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Train Them 2 Fish International Inc ($177k), Lantern Vision Inc ($177k) and Congregation Tifereth Bnai Torah ($177k).

On its Form 990-EZ for the period ending November 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $491k against liabilities of $0, net assets of $491k.