Al-Qalam Foundation

Analysis

Al-Qalam Foundation is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in June 2018, 8 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, Al-Qalam Foundation reported income of $2.1m and spending of $2.2m, spending 105% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $664k to $2.1m (+217%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 112%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Al-Qalam Foundation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Wingra School Inc ($2.1m), Thomas B Fordham Institute ($2.1m) and Improving Education Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $411k. At year end it held assets of $2.1m against liabilities of $18k, net assets of $2.1m. It reported 11 employees.