Al Horreya Inc

Analysis

Al Horreya Inc is a registered charity in United States, based in Tustin, CA. It received its IRS tax-exemption ruling in November 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, Al Horreya Inc reported income of $890k and spending of $978k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $681k to $890k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Al Horreya Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Association for Covenantal Reformed Education ($890k), Iqra Community Services Inc ($891k) and Centered for Life Inc ($890k).

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 $398k. At year end it held assets of $568k against liabilities of $500k, net assets of $68k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.