Is Iqra Community Services Inc Legit?

Quick charity verification for Iqra Community Services Inc (EIN: 201632633)

Verdict: Iqra Community Services Inc appears trustworthy

85/100Mission Score

$921KRevenue

$4.0MAssets

2Red Flags

4Strengths

Red Flags

Extremely low reported expenses relative to revenue, raising questions about immediate programmatic deployment of funds.
Lack of detailed expense breakdown in available data makes it difficult to assess specific program spending versus administrative costs.

Strengths

Strong and consistent revenue growth over the past decade, from $156,499 in 2015 to $890,846 in 2023.
Robust financial health with significant asset accumulation ($4,041,485 in 2023) and low liabilities ($299,597 in 2023).
Zero reported officer compensation across all filings, indicating a volunteer-driven leadership and efficient use of funds.
Very low overall expenses, suggesting highly efficient operations or significant reinvestment/saving of funds.

Spending Breakdown

How Iqra Community Services Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Iqra Community Services Inc

Is Iqra Community Services Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Iqra Community Services Inc (EIN: 201632633) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Iqra Community Services Inc a good charity to donate to?

Iqra Community Services Inc has a Mission Score of 85/100. Revenue: $921K. Assets: $4.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Iqra Community Services Inc?

The Employer Identification Number (EIN) for Iqra Community Services Inc is 201632633. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Iqra Community Services Inc spend its money?

Iqra Community Services Inc allocates 90% to programs, 5% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Iqra Community Services Inc's tax-exempt status?

You can verify Iqra Community Services Inc's tax-exempt status using EIN 201632633 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Iqra Community Services Inc demonstrates strong financial health with consistently growing assets and revenue. In the latest filing (202312), the organization reported $4,041,485 in assets against $299,597 in liabilities, indicating a robust financial position. Revenue has shown significant growth, from $156,499 in 2015 to $890,846 in 2023, reflecting increasing support and operational capacity.

The organization exhibits exceptional spending efficiency, with expenses consistently remaining a very small fraction of its revenue. For instance, in 2023, expenses were only $49,812 against $890,846 in revenue, and in 2022, expenses were $59,173 against $869,760 in revenue. This suggests that a substantial portion of its income is either being saved, invested, or allocated to future programs, rather than being immediately spent on operational costs. The lack of reported officer compensation across all filings enhances its transparency and indicates a volunteer-driven leadership model, which is a positive sign for donor confidence.

However, the extremely low expense figures relative to revenue, particularly in recent years, raise questions about the immediate deployment of funds for programmatic activities. While accumulating assets is a sign of financial strength, a detailed breakdown of how the unspent revenue is being utilized (e.g., specific program investments, capital projects, or reserves) would further enhance transparency. The NTEE code X21 (Religious Activities) often implies a focus on community services, and understanding the direct impact of its substantial revenue and assets on these services would provide a more complete picture.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.