Al-Taqwa Islamic Center Inc

Analysis

Al-Taqwa Islamic Center Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Al-Taqwa Islamic Center Inc reported income of $94k and spending of $55k, leaving 42% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $94k (+127%), an average of +127% a year. The sharpest change came in the year to December 2023, when income rose by 127%. Over the whole period it spent 50% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Al-Taqwa Islamic Center Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within NE. Charities of a similar size with the same main cause include National Association of Lutheran Interim Pastors ($94k), Guardian Ecclesiastical Medical Society Inc ($94k) and Rusty Wright Communications ($94k).

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 $68k against liabilities of $0, net assets of $68k.