Darul Qasim

Analysis

Darul Qasim is a registered charity in United States, based in Glendale HTS, IL. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Darul Qasim reported income of $3.3m and spending of $2.5m, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.3m (+174%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Darul Qasim sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Escuela de LA Raza Unida ($3.3m), Lee Christian School Inc ($3.3m) and Technology Student Association ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $134k (5.3% of expenses). Other salaries and wages came to $929k. At year end it held assets of $10.3m against liabilities of $4.1m, net assets of $6.2m. It reported 21 employees.