North American Bangladeshi Islamic Community

Analysis

North American Bangladeshi Islamic Community is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, North American Bangladeshi Islamic Community reported income of $1.1m and spending of $1.2m, spending 112% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $812k to $1.1m (+34%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 15%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, North American Bangladeshi Islamic Community 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 82nd percentile within TN. Charities of a similar size with the same main cause include Keter Aram Tzova Inc ($1.1m), Kids First Foundation ($1.1m) and Cross to Light Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $62k (5.1% of expenses). At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.