Ici Waqf

Analysis

Ici Waqf is a registered charity in United States, based in Irving, TX. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ici Waqf reported income of $558k and spending of $71k, leaving 87% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $558k (-46%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 5.1% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ici Waqf sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Standing in the Gap Ministries ($558k), Huntersfield Christian Training Center Inc ($558k) and Paul Stege Ministries Inc ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.3m against liabilities of $454k, net assets of $1.8m.