Mahdavia Islamic Center of Chicago

Analysis

Mahdavia Islamic Center of Chicago is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1992, 34 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, Mahdavia Islamic Center of Chicago reported income of $234k and spending of $167k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $150k to $234k (+56%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mahdavia Islamic Center of Chicago sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Colorado Springs Choral Society ($234k), San Marcos Parent-Child Workshop Inc ($234k) and Madison County Senior Citizens Association Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $427k against liabilities of $0, net assets of $427k.