Downtown Islamic Center Inc

Analysis

Downtown Islamic Center Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Downtown Islamic Center Inc reported income of $55k and spending of $41k, leaving 25% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $708 to $55k (+7624%), an average of +7624% a year. The sharpest change came in the year to December 2023, when income rose by 7624%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Downtown Islamic Center Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Azusa Streetriders Inc ($55k), A Kernel of Wheat Christian Ministries ($55k) and Age to Come ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.