Marvelous Quran

Analysis

Marvelous Quran is a registered charity in United States, based in Porter Ranch, CA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Marvelous Quran reported income of $229k and spending of $138k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $190k to $229k (+21%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Marvelous Quran sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Gospel Underground ($229k), High Place Ministries ($229k) and Vaad Lerabbonim of Chicago ($229k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (44% of expenses). At year end it held assets of $202k against liabilities of $0, net assets of $202k.