Bosnian American Islamic Center Inc

Analysis

Bosnian American Islamic Center Inc is a registered charity in United States, based in Hamtramck, MI. It received its IRS tax-exemption ruling in April 1998, 28 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 2022, Bosnian American Islamic Center Inc reported income of $408k and spending of $248k, leaving 39% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $487k to $408k (-16%), an average of -5.8% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 44% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bosnian American Islamic Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Bridge Trust-Usa Inc ($408k), Mission to the Beloved ($408k) and Goodword Partnership ($407k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $71k (28% of expenses). At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m. It reported 1 employees.