Is Al Iman School Legit?

Al Iman School demonstrates a concerning financial trajectory, marked by persistent and substantial liabilities that far outweigh its assets. For instance, in 2023, liabilities stood at $3,985,992 against assets of $944,369, indicating a significant solvency risk. While the organization has shown recent growth in revenue, reaching $1,652,870 in 2023, this growth has not been sufficient to address the accumulated debt. The consistent reporting of 0% officer compensation across all available filings suggests a potential lack of transparency regarding executive remuneration, or that all officers are unpaid volunteers, which would be unusual for an organization of this size and complexity. The NTEE code B25 indicates a focus on elementary and secondary education, which is a clear program area. The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses. However, the consistent deficit spending in prior years (e.g., 2021 expenses of $603,799 against revenue of $396,717) raises questions about long-term financial sustainability. The significant increase in assets from $2,519 in 2020 to $944,369 in 2023 is a positive development, but it is overshadowed by the even larger increase in liabilities over the same period. The lack of reported officer compensation, while potentially indicating volunteer leadership, could also be a red flag for transparency if compensation is being channeled through other means or not accurately reported.