Islamic University of Minnesota

Analysis

Islamic University of Minnesota is a registered charity in United States, based in Minnetonka, MN. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 University of Minnesota reported income of $369k and spending of $353k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $369k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic University of Minnesota sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within MN. Charities of a similar size with the same main cause include Riley Johns Blue Boot Foundation ($369k), Scholarship FDN of St Joseph County Inc ($369k) and Ross Local Schools Choral Association ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (14% of expenses). Other salaries and wages came to $243k. At year end it held assets of $91k against liabilities of $3,113, net assets of $88k. It reported 5 employees.