Islamic Society of Central Virginia

Analysis

Islamic Society of Central Virginia is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in December 1996, 30 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 Society of Central Virginia reported income of $598k and spending of $382k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $278k to $598k (+115%), an average of +21% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Society of Central Virginia sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include Project Latter Rain Ministries Corp ($597k), The Vine Hebron Inc ($598k) and Jewish Grandparents Network Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.5% of the total. At year end it held assets of $3.5m against liabilities of $218k, net assets of $3.3m.