Iqra Institute

Analysis

Iqra Institute is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iqra Institute reported income of $603k and spending of $577k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $317k to $603k (+90%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iqra Institute 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 71st percentile within PA. Charities of a similar size with the same main cause include Texas Workforce Centers of the ($603k), Silicon Valley Gurdwara ($603k) and Fullness in Christ Ministries ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 80% of the total. Other salaries and wages came to $136k. It paid $9,655 in professional fundraising fees. At year end it held assets of $33k against liabilities of $0, net assets of $33k. It reported 6 employees.