Greensboro Islamic Academy

Analysis

Greensboro Islamic Academy is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in March 2024, 2 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, Greensboro Islamic Academy reported income of $1.6m and spending of $1.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $675k to $1.6m (+144%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 106%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Greensboro Islamic Academy 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 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include The Foundation for Catholic Secondary Education of Greater ($1.6m), Southwestern Ahec Inc ($1.6m) and Academy of Hope ($1.6m).

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. At year end it held assets of $1.4m against liabilities of $122k, net assets of $1.3m. It reported 30 employees.