Muslim Welfare Association

Analysis

Muslim Welfare Association is a registered charity in United States, based in Lincolnwood, IL. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Muslim Welfare Association reported income of $595k and spending of $357k, leaving 40% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $44k to $595k (+1249%), an average of +267% a year. The sharpest change came in the year to December 2023, when income rose by 635%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Muslim Welfare Association sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Black River United Way ($595k), Hoffberger Family Fund Inc ($596k) and Ife Foundation ($594k).

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 $247k against liabilities of $5,000, net assets of $242k.