Masjid Al-Rasheed Inc

Analysis

Masjid Al-Rasheed Inc is a registered charity in United States, based in North Baldwin, NY. It received its IRS tax-exemption ruling in March 2020, 6 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, Masjid Al-Rasheed Inc reported income of $661k and spending of $271k, leaving 59% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $206k to $661k (+221%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 166%. Over the whole period it spent 53% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Masjid Al-Rasheed Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Mulsim American Society of Central Jersey Inc ($661k), Poiema Publicaciones USA ($661k) and Northwest Ascending Campaign ($661k).

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 $1.9m against liabilities of $919k, net assets of $994k.