Islamic Foundation of Nevada a Nevada Non Profit Corporation

Analysis

Islamic Foundation of Nevada a Nevada Non Profit Corporation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Islamic Foundation of Nevada a Nevada Non Profit Corporation reported income of $3.2m and spending of $2.3m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $3.2m (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 119%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Islamic Foundation of Nevada a Nevada Non Profit Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NV. Charities of a similar size with the same main cause include Special Education Leader Fellowship ($3.2m), Boys Home Incorporated ($3.2m) and University of Wisconsin Parkside Foundation Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Other salaries and wages came to $1.1m. At year end it held assets of $6.3m against liabilities of $170k, net assets of $6.1m. It reported 51 employees.