Islamic House of Wisdom Inc

Analysis

Islamic House of Wisdom Inc is a registered charity in United States, based in Dearborn HTS, MI. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Islamic House of Wisdom Inc reported income of $842k and spending of $886k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $534k to $842k (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic House of Wisdom Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include United Childrens Education Foundation Inc ($842k), Children of Character Inc ($842k) and Church Multiplication Ministries Inc ($841k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $125k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 5 employees.