Downtown Islamic Center

Analysis

Downtown Islamic Center is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1982, 44 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downtown Islamic Center reported income of $497k and spending of $459k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $715k to $497k (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Downtown Islamic Center sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within IL. Charities of a similar size with the same main cause include Foundation for a Course in Miracles Inc ($497k), Main Line Senior Services Inc ($497k) and Kizuna Little Tokyo Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Other salaries and wages came to $92k. At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m. It reported 3 employees.