American Islamic College Inc

Analysis

American Islamic College Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1983, 43 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 June 2023, American Islamic College Inc reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $214k to $1.8m (+737%), an average of +103% a year. The sharpest change came in the year to June 2021, when income rose by 159%. Over the whole period it spent 200% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Islamic College Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within IL. Charities of a similar size with the same main cause include LA Jolla Soccer League ($1.8m), Moriches Rotary Health Camp Inc ($1.8m) and Cairo Womens Shelter Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $123k (6.6% of expenses). Other salaries and wages came to $692k. At year end it held assets of $1.3m against liabilities of $2.4m, net assets of -$1.1m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.