Al-Sadiq Islamic Center Inc

Analysis

Al-Sadiq Islamic Center Inc is a registered charity in United States, based in Milford, MA. It received its IRS tax-exemption ruling in April 2008, 18 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, Al-Sadiq Islamic Center Inc reported income of $714k and spending of $875k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $884k to $714k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Al-Sadiq Islamic Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Dharma Drum Retreat Center Inc ($714k), LA Primera Iglesia Bautista Hispana de Manhattan S B C ($714k) and Hope Out Loud ($714k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.