Islamic Association of Texas Inc

Analysis

Islamic Association of Texas Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in March 2022, 4 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 2022, Islamic Association of Texas Inc reported income of $287k and spending of $121k, leaving 58% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income fell from $411k to $287k (-30%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 17%. Over the whole period it spent 20% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Islamic Association of Texas Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Youth with a Mission Nashville Inc ($287k), Asher Lshlomo Inc ($287k) and Chua Dieu Phap Inc ($287k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.3m against liabilities of $456k, net assets of $829k.