Andover Islamic Center

Analysis

Andover Islamic Center is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Andover Islamic Center reported income of $353k and spending of $478k, spending 135% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $333k to $353k (+6.2%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 65% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Andover Islamic Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Lives Worth Saving ($353k), Christian Training and Missionary Fellowship Inc ($354k) and All Things Through Christ Outreach Ministries ($353k).

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 $577k against liabilities of $0, net assets of $577k.