Atlantic County Darus Salam Academy

Analysis

Atlantic County Darus Salam Academy is a registered charity in United States, based in Galloway, NJ. It received its IRS tax-exemption ruling in November 2022, 4 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, Atlantic County Darus Salam Academy reported income of $92k and spending of $91k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $198k to $92k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Atlantic County Darus Salam Academy sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Pronto Socorro de Jesus Temple de Oracao Inc ($92k), Kagyu Monlam International ($92k) and Vertical Living Ministries Inc ($92k).

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 $205k against liabilities of $30k, net assets of $175k.