Islamic University of Minnesota

Analysis

Islamic University of Minnesota is a registered charity in United States, based in Fridley, MN. It received its IRS tax-exemption ruling in December 2007, 19 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 $186k and spending of $145k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $196k to $186k (-5.2%), an average of -1.3% a year. The sharpest change came in the year to December 2021, when income rose by 196%. 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 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Opportunity Alliance Nevada ($186k), Dolly Partons Imagination Library GTR ($186k) and Washington School Parent-Teacher Organization ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $12k. At year end it held assets of $756k against liabilities of $153, net assets of $756k. It reported 1 employees.