Islamic Cultural Center of Medford Inc

Analysis

Islamic Cultural Center of Medford Inc is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in February 2015, 11 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, Islamic Cultural Center of Medford Inc reported income of $453k and spending of $184k, leaving 59% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income fell from $455k to $453k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Cultural Center of Medford Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Catholic Guy Inc ($453k), Hope Redemption Center ($453k) and Found and Favored Ministries ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $55k. At year end it held assets of $1.6m against liabilities of $166k, net assets of $1.4m. It reported 1 employees.