Islamic Academy of Riverside

Analysis

Islamic Academy of Riverside is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in July 2013, 13 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 July 2023, Islamic Academy of Riverside reported income of $664k and spending of $653k, spending 98% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $239k to $664k (+178%), an average of +29% a year. The sharpest change came in the year to July 2020, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic Academy of Riverside sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Saint Francis Montessori ($664k), Newton High Peak Inc ($664k) and Coshocton Opportunity School ($664k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Other salaries and wages came to $265k. At year end it held assets of $366k against liabilities of $0, net assets of $366k.