Alhikma Association

Analysis

Alhikma Association is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 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 2021, Alhikma Association reported income of $1.9m and spending of $1.7m, spending 94% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $323k to $1.9m (+473%), an average of +474% a year. The sharpest change came in the year to December 2021, when income rose by 473%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Alhikma Association sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MN. Charities of a similar size with the same main cause include Connect International ($1.9m), Weaverland Financial Aid of Missouri Inc ($1.9m) and Racine Society for Christian Instruction ($1.8m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $458k against liabilities of $192k, net assets of $266k.