Faith Islamic Academy

Analysis

Faith Islamic Academy is a registered charity in United States, based in Cuyahoga FLS, OH. It received its IRS tax-exemption ruling in August 2020, 6 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 June 2024, Faith Islamic Academy reported income of $855k and spending of $854k, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $640k to $855k (+34%), an average of +6.0% a year. The sharpest change came in the year to June 2023, when income rose by 72%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Faith Islamic Academy sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Eastside Christian Schools ($854k), Recovery Court of Sumner County Inc ($855k) and Community Christian School Inc ($854k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.5% and program service revenue 93% of the total. Other salaries and wages came to $605k. At year end it held assets of $222k against liabilities of $2,015, net assets of $220k. It reported 34 employees.