Irusa Waqf

Analysis

Irusa Waqf is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Irusa Waqf reported income of $1.9m and spending of $466k, leaving 76% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $1.9m (+2108%), an average of +117% a year. The sharpest change came in the year to December 2020, when income rose by 1984%. Over the whole period it spent 35% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Irusa Waqf sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Hesperian Health Guides ($1.9m), The Ukrainian National Foundation Inc ($1.9m) and Coreluv International Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% of the total. Compensation of current officers, directors and key employees was $147k (31% of expenses). Other salaries and wages came to $100k. At year end it held assets of $15.3m against liabilities of $33k, net assets of $15.3m. It reported 1 employees.