Islamic Acedamy of Delaware

Analysis

Islamic Acedamy of Delaware is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Islamic Acedamy of Delaware reported income of $1.5m and spending of $1.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $919k to $1.5m (+60%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic Acedamy of Delaware sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within DE. Charities of a similar size with the same main cause include North Shore Montessori School ($1.5m), Saint Clement Coptic Orthodox Academy ($1.5m) and Williamson Christian College ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $415k. At year end it held assets of $1.4m against liabilities of $1,539, net assets of $1.4m. It reported 32 employees.