Iqra Fund

Analysis

Iqra Fund is a registered charity in United States, based in Bozeman, MT. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Iqra Fund reported income of $992k and spending of $815k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $992k (+258%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 455%. Over the whole period it spent 34% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Iqra Fund 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 79th percentile, and in the 80th percentile within MT. Charities of a similar size with the same main cause include Peaceworks Network Foundation ($991k), Minhaj Welfare Foundation USA Inc ($994k) and Just One Life Inc ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $140k (17% of expenses). Other salaries and wages came to $272k. At year end it held assets of $481k against liabilities of $16k, net assets of $465k. It reported 2 employees.