Iqra Foundation of Greater Houston Inc

Analysis

Iqra Foundation of Greater Houston Inc is a registered charity in United States, based in Sugar Land, TX. 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, Iqra Foundation of Greater Houston Inc reported income of $67k and spending of $37k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $120k to $67k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 46% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Iqra Foundation of Greater Houston Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within TX. Charities of a similar size with the same main cause include New Life Viet Ministry Inc ($67k), American Friends of Chartres Inc ($67k) and Eli Arenas Ministries Inc ($67k).

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 $113k against liabilities of $13k, net assets of $101k.