Islamic Foundation of South Florida Inc

Analysis

Islamic Foundation of South Florida Inc is a registered charity in United States, based in Sunrise, FL. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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 December 2023, Islamic Foundation of South Florida Inc reported income of $3.2m and spending of $2.2m, leaving 31% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.9m to $3.2m (+11%), an average of +3.5% a year. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Islamic Foundation of South Florida Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Zephyr Baptist Encampment ($3.2m), Youth Camps for Christ Inc ($3.2m) and Lee Academy ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $954k. At year end it held assets of $7.7m against liabilities of $0, net assets of $7.7m. It reported 36 employees.