Next Wave Muslim Initiative Inc

Analysis

Next Wave Muslim Initiative Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in November 2013, 13 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, Next Wave Muslim Initiative Inc reported income of $323k and spending of $223k, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $323k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Next Wave Muslim Initiative Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Refiners House ($323k), Focused Living Ministries Inc ($323k) and Treasure Mountain Bible Camp ($323k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $26k. At year end it held assets of $341k against liabilities of $218, net assets of $341k. It reported 4 employees.