New Braunfels Islamic Center Inc

Analysis

New Braunfels Islamic Center Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Braunfels Islamic Center Inc reported income of $124k and spending of $160k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $493k to $124k (-75%), an average of -37% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 30% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, New Braunfels Islamic Center Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Mike Speck Ministries ($124k), Christ Life Ministries ($124k) and Inner City Mission Texas ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $823k against liabilities of $0, net assets of $823k.