Akbar Mosque Inc

Analysis

Akbar Mosque Inc is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in July 2023, 3 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 2023, Akbar Mosque Inc reported income of $1.0m and spending of $41k, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.9m to $1.0m (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. Over the whole period it spent 42% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Akbar Mosque Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Ufm Worldwide USA Inc ($1.0m), Youth and Family Outreach ($1.0m) and Animitta Theinngu Vipassana Society of America Inc ($1.0m).

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 $2.3m against liabilities of $0, net assets of $2.3m.