Islamic Society of New River Valley Inc

Analysis

Islamic Society of New River Valley Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in October 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 September 2023, Islamic Society of New River Valley Inc reported income of $1.1m and spending of $466k, leaving 58% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $800k to $1.1m (+38%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 107%. Over the whole period it spent 22% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Society of New River Valley Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Lutheran Public Radio Inc ($1.1m), Presbyterian & Reformed Renewal Ministries International ($1.1m) and I Witness Ministries Inc ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. At year end it held assets of $3.0m against liabilities of $248k, net assets of $2.8m.