Islamic Academy of Kendallville Inc

Analysis

Islamic Academy of Kendallville Inc is a registered charity in United States, based in Kendallville, IN. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Islamic Academy of Kendallville Inc reported income of $806k and spending of $904k, spending 112% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $341k to $806k (+137%), an average of +54% a year. The sharpest change came in the year to December 2022, when income rose by 131%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Islamic Academy of Kendallville Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within IN. Charities of a similar size with the same main cause include Bainbridge Island Senior Community Center ($806k), Family Freedom Center ($806k) and Valley Child Development Center Inc ($806k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $274k (30% of expenses). Other salaries and wages came to $98k. At year end it held assets of $44k against liabilities of $0, net assets of $44k. It reported 17 employees.