Inner-City Muslim Action Network

Analysis

Inner-City Muslim Action Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Inner-City Muslim Action Network reported income of $15.9m and spending of $17.7m, spending 111% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $7.6m to $15.9m (+109%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Inner-City Muslim Action Network sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include 4mycity Inc ($15.9m), Southcentral Workforce Investment Board ($15.9m) and Midtown Business Association Inc ($15.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $2.8m (16% of expenses). At year end it held assets of $17.8m against liabilities of $3.1m, net assets of $14.7m. It reported 303 employees.