The Foundation of the Islamic Center of Greater Toledo Inc

Analysis

The Foundation of the Islamic Center of Greater Toledo Inc is a registered charity in United States, based in Perrysburg, OH. It received its IRS tax-exemption ruling in February 2008, 18 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, The Foundation of the Islamic Center of Greater Toledo Inc reported income of $578k and spending of $433k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $578k (+305%), an average of +42% a year. The sharpest change came in the year to December 2020, when income rose by 118%. Over the whole period it spent 64% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Foundation of the Islamic Center of Greater Toledo Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within OH. Charities of a similar size with the same main cause include Alteco ($578k), Flow a Living Water Foundation ($578k) and Feeding Families Ministry Inc ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $2.6m against liabilities of $6,750, net assets of $2.6m.