Oklahoma Islamic Academy LLC

Analysis

Oklahoma Islamic Academy LLC is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in September 2017, 9 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 2023, Oklahoma Islamic Academy LLC reported income of $871k and spending of $817k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $871k (+262%), an average of +38% a year. The sharpest change came in the year to December 2020, when income rose by 116%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Oklahoma Islamic Academy LLC sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include Abba International Church Inc ($871k), Oasis of Hope ($871k) and Great Company of Publishers Inc ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $410k. At year end it held assets of $188k against liabilities of $4,173, net assets of $184k. It reported 8 employees.