Islamic Learning Center of New York City Inc

Analysis

Islamic Learning Center of New York City Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Islamic Learning Center of New York City Inc reported income of $186k and spending of $139k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2021 to June 2022, income grew from $106k to $186k (+75%), an average of +75% a year. The sharpest change came in the year to June 2022, when income rose by 75%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Learning Center of New York City Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Luke 14 Ministries ($186k), Synergy Global Inc ($186k) and Greg Lewis Ministries Inc ($186k).

On its Form 990-EZ for the period ending June 2022, revenue came from contributions and grants 15% and program service revenue 85% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.