Islamic School of Miami Inc

Analysis

Islamic School of Miami Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Islamic School of Miami Inc reported income of $1.2m and spending of $1.2m, spending 95% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.0m to $1.2m (+18%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 85% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic School of Miami Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Impact 46 Inc ($1.2m), Reviving the Islamic Sisterhood for Empowerment ($1.2m) and Grace Evangelical Society Inc ($1.2m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 34% and program service revenue 61% of the total. Other salaries and wages came to $722k. At year end it held assets of $4.6m against liabilities of $43k, net assets of $4.5m. It reported 36 employees.