The Islamic Seminary of America Inc

Analysis

The Islamic Seminary of America Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in August 2014, 12 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 June 2023, The Islamic Seminary of America Inc reported income of $671k and spending of $650k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $505k to $671k (+33%), an average of +9.9% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Islamic Seminary of America Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Cement Masons Local 527 Joint Apprentice and Training Fund ($671k), Leadership North Carolina Inc ($671k) and Pathwise Pathwise ($671k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 19% of the total. Other salaries and wages came to $270k. It paid $7,853 in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $4,642, net assets of $1.2m. It reported 12 employees.