Islamic Services Foundation

Analysis

Islamic Services Foundation is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in January 1992, 34 years ago. 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 Services Foundation reported income of $14.2m and spending of $11.5m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $14.2m (+71%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Islamic Services Foundation sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Rossman School ($14.2m), Catholic Community Foundation of Santa Clara County ($14.2m) and Opera in the Ozarks Inc ($14.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. Other salaries and wages came to $6.3m. At year end it held assets of $15.9m against liabilities of $2.1m, net assets of $13.8m. It reported 163 employees.