Islamic Education Center Inc

Analysis

Islamic Education Center Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in April 1988, 38 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 Education Center Inc reported income of $504k and spending of $528k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $504k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Education Center Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Giac an Buddhist Monastery Giac an Tinh Xa ($504k), Schoenstatt Movement of Austin Inc ($504k) and Ministries of Jesus Inc ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $182k (34% of expenses). Other salaries and wages came to $129k. At year end it held assets of $723k against liabilities of $114k, net assets of $609k. It reported 18 employees.