Darulquran Foundations

Analysis

Darulquran Foundations is a registered charity in United States, based in Ballwin, MO. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Darulquran Foundations reported income of $524k and spending of $523k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $351k to $524k (+49%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Darulquran Foundations sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within MO. Charities of a similar size with the same main cause include Captive Hearts Ministries ($524k), FR Bernard Youth Center Inc ($524k) and Wesley at Texas Tech Inc ($524k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (12% of expenses). Other salaries and wages came to $104k. At year end it held assets of $466k against liabilities of $0, net assets of $466k. It reported 4 employees.