Darul Arqam Center of Excellence

Analysis

Darul Arqam Center of Excellence is a registered charity in United States, based in Blaine, MN. It received its IRS tax-exemption ruling in February 2014, 12 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, Darul Arqam Center of Excellence reported income of $595k and spending of $567k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $252k to $595k (+136%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 84%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Darul Arqam Center of Excellence sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MN. Charities of a similar size with the same main cause include Cedars of Lebanon Ministries ($595k), United Global Outreach Inc ($596k) and Emmanuel Parish Endowment Fund Inc ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Other salaries and wages came to $363k. At year end it held assets of $336k against liabilities of $7,091, net assets of $329k. It reported 10 employees.