Sadiq School Inc

Analysis

Sadiq School Inc is a registered charity in United States, based in Somerset, NJ. It received its IRS tax-exemption ruling in May 2019, 7 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 2022, Sadiq School Inc reported income of $316k and spending of $175k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $46k to $316k (+591%), an average of +90% a year. The sharpest change came in the year to December 2021, when income rose by 448%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sadiq School Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Kettering Fairmont Band Boosters ($316k), Cager Athletic Foundation ($316k) and Manoa Japanese Language School ($316k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 38% and program service revenue 62% of the total. It paid $70 in professional fundraising fees. At year end it held assets of $353k against liabilities of $0, net assets of $353k. It reported 7 employees.