Islamic Cultural Center School

Analysis

Islamic Cultural Center School is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 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 2023, Islamic Cultural Center School reported income of $1.6m and spending of $1.7m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $1.6m (+35%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic Cultural Center School sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Link School ($1.6m), The Citadel Alumni Association ($1.6m) and Engaging Creative Minds ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $42k against liabilities of $28k, net assets of $15k. It reported 39 employees.