Iqraa Foundation Inc

Analysis

Iqraa Foundation Inc is a registered charity in United States, based in Greenfield, WI. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Iqraa Foundation Inc reported income of $663k and spending of $187k, leaving 72% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $158k to $663k (+321%), an average of +105% a year. The sharpest change came in the year to December 2023, when income rose by 238%. Over the whole period it spent 47% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Iqraa Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Girls Incorporated of Pinellas ($663k), Hope Ranch of Montana ($664k) and Ulster Youthbuild LLC ($663k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $34k (18% of expenses). At year end it held assets of $684k against liabilities of $0, net assets of $684k. It reported 1 employees.