Islamic Cultural Association

Analysis

Islamic Cultural Association is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Cultural Association reported income of $2.0m and spending of $1.1m, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.0m (+59%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 60%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Islamic Cultural Association sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Japan Electric Power Information Center USA ($2.0m), Thalian Hall Center for Performing Arts Inc ($2.0m) and New Dramatists Inc ($2.0m).

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 $63k. At year end it held assets of $4.4m against liabilities of $0, net assets of $4.4m.