Islamic School of Louisville

Analysis

Islamic School of Louisville is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in April 2001, 25 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 June 2023, Islamic School of Louisville reported income of $1.1m and spending of $1.2m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $736k to $1.1m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic School of Louisville sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within KY. Charities of a similar size with the same main cause include Florida Society Dermatology Physician Assistant ($1.1m), Christian Center Day Care Inc ($1.1m) and Toward the Goal Ministries Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Other salaries and wages came to $864k. At year end it held assets of $853k against liabilities of $4,282, net assets of $849k. It reported 33 employees.