Iqra Academy of Utah

Analysis

Iqra Academy of Utah is a registered charity in United States, based in West Valley City, UT. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iqra Academy of Utah reported income of $348k and spending of $277k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $247k to $348k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Iqra Academy of Utah sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within UT. Charities of a similar size with the same main cause include International Research Foundation for English Language Education ($348k), Starship Orion ($348k) and High Plains Library District Friends & Foundation ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $150k. At year end it held assets of $667k against liabilities of $88k, net assets of $579k. It reported 14 employees.