Tariq Khamisa Foundation

Analysis

Tariq Khamisa Foundation is a registered charity in United States, based in Escondido, CA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Tariq Khamisa Foundation reported income of $861k and spending of $828k, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $525k to $861k (+64%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 123%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tariq Khamisa Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Biblical Counseling Center ($861k), Foothills Community Foundation Inc ($862k) and Gloria Dei Communities Corporation ($861k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $75k (9.1% of expenses). Other salaries and wages came to $395k. At year end it held assets of $1.0m against liabilities of $349k, net assets of $691k. It reported 22 employees.