Farooqi Incorporated

Analysis

Farooqi Incorporated is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Farooqi Incorporated reported income of $739k and spending of $792k, spending 107% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income grew from $453k to $739k (+63%), an average of +63% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 106% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Farooqi Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Chinese Christian Fellowship ($739k), Missionary Tech Team ($740k) and Spiritual Retreat Foundation ($739k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 50% and program service revenue 50% of the total. Other salaries and wages came to $241k. At year end it held assets of $360k against liabilities of $351k, net assets of $9,340. It reported 16 employees.