Islamic Center of Federal Way

Analysis

Islamic Center of Federal Way is a registered charity in United States, based in Kent, WA. It received its IRS tax-exemption ruling in September 2014, 12 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 Center of Federal Way reported income of $283k and spending of $200k, leaving 29% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $222k to $283k (+27%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Center of Federal Way sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within WA. Charities of a similar size with the same main cause include Missionary Families of Christ ($283k), New Desire Christian Ministries Inc ($283k) and Eagle Eye Institute Inc ($283k).

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 $1.3m against liabilities of $0, net assets of $1.3m.