Tajweed Academy Foundation Inc

Analysis

Tajweed Academy Foundation Inc is a registered charity in United States, based in Old Bridge, NJ. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tajweed Academy Foundation Inc reported income of $89k and spending of $52k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $103k to $89k (-13%), an average of -13% a year. Over the whole period it spent 47% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tajweed Academy Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within NJ. Charities of a similar size with the same main cause include Project Capoeira Inc ($89k), Swocc Qalicb ($89k) and Blairsville Library Association ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $175k against liabilities of $6,783, net assets of $168k.