Nigerian Islamic Association of USA

Analysis

Nigerian Islamic Association of USA is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in February 1991, 35 years ago. 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, Nigerian Islamic Association of USA reported income of $763k and spending of $493k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $763k (+113%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 139%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nigerian Islamic Association of USA sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Ascentria Care Alliance Inc ($763k), Leap Arts in Education ($763k) and Wetzel County Committee on Aging Inc ($763k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.8m against liabilities of $94k, net assets of $2.7m.