Islamic Resource Group

Analysis

Islamic Resource Group is a registered charity in United States, based in Saint Anthony, MN. It received its IRS tax-exemption ruling in February 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Islamic Resource Group reported income of $111k and spending of $110k, spending 99% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $235k to $111k (-53%), an average of -14% a year. The sharpest change came in the year to December 2019, when income dropped by 39%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Resource Group sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 37th percentile within MN. Charities of a similar size with the same main cause include Missionary Ecclesial Movement Word of God Inc ($111k), Song and Spirit Inc ($111k) and 10 Talents International ($111k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.0% of the total. Other salaries and wages came to $32k. At year end it held assets of $337k against liabilities of $1,396, net assets of $335k. It reported 3 employees.