Denver Islamic Education Center

Analysis

Denver Islamic Education Center is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in June 1994, 32 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Denver Islamic Education Center reported income of $4.6m and spending of $3.8m, spending 82% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $2.2m to $4.6m (+107%), an average of +27% a year. The sharpest change came in the year to August 2021, when income rose by 48%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Denver Islamic Education Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CO. Charities of a similar size with the same main cause include FCNL Education Fund ($4.6m), Good Samaritan Hospital Foundation ($4.6m) and Hyles-Anderson College Inc ($4.6m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.6m. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.