Islamic Foundation North Endowment Fund

Analysis

Islamic Foundation North Endowment Fund is a registered charity in United States, based in Libertyville, IL. 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Islamic Foundation North Endowment Fund reported income of $99k and spending of $1,101, leaving 99% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $54k to $99k (+83%), an average of +13% a year. The sharpest change came in the year to December 2019, when income rose by 80%. Over the whole period it spent 1.5% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Foundation North Endowment Fund sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within IL. Charities of a similar size with the same main cause include It Is Written Church of Jesus Christ ($99k), Living Waters of Hope ($99k) and Preservation Trust for Historic Pri Nce George Winyah Church Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.1m against liabilities of $1,550, net assets of $1.0m.