Islamic Ahlul Bayt Association of the Triangle

Analysis

Islamic Ahlul Bayt Association of the Triangle is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Islamic Ahlul Bayt Association of the Triangle reported income of $873k and spending of $202k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $454k to $873k (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 235%. Over the whole period it spent 22% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Ahlul Bayt Association of the Triangle sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Vision Presbyterian Church ($872k), Praxis Ministries ($874k) and Global Partnership Ministries Inc ($872k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.0m against liabilities of $183, net assets of $3.0m.