Qalam Education Fund Inc

Analysis

Qalam Education Fund Inc is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Qalam Education Fund Inc reported income of $2.3m and spending of $828k, leaving 65% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $52k to $2.3m (+4370%), an average of +569% a year. The sharpest change came in the year to December 2022, when income rose by 2852%. Over the whole period it spent 35% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Qalam Education Fund Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Delaware County Community College Educational Foundation ($2.3m), Rohan Woods School ($2.3m) and American Heritage Education Foundation ($2.3m).

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 $11.7m against liabilities of $4.1m, net assets of $7.6m.