Islamic Academy of Youngstown Corp

Analysis

Islamic Academy of Youngstown Corp is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Islamic Academy of Youngstown Corp reported income of $429k and spending of $499k, spending 116% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $193k to $429k (+123%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Islamic Academy of Youngstown Corp sits at the 75th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include District of Columbia Arts Center Inc ($429k), Long Island Maritime Museum ($429k) and Angelica Cantanti Youth Choirs ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $255k. At year end it held assets of $305k against liabilities of $0, net assets of $305k. It reported 27 employees.