Is Islamic Academy Of Alabama Inc Legit?

The Islamic Academy Of Alabama Inc. demonstrates a consistent operational history with revenues generally exceeding expenses in earlier periods, contributing to asset growth. However, the most recent filings (202306 and 202406) show expenses exceeding revenue, indicating a potential shift in financial stability or increased investment in programs. For instance, in 202406, expenses were $1,703,430 against revenues of $1,450,400, resulting in a deficit. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, enhancing its transparency and public trust. Spending efficiency appears high given the lack of reported officer compensation. Without a detailed functional expense breakdown, it's challenging to precisely determine program, administrative, and fundraising ratios. However, the consistent reporting of zero liabilities in most recent years (202106-202406) suggests sound financial management and a lack of significant debt burden. The organization's assets have fluctuated but generally show growth over the long term, from $656,947 in 201506 to $758,502 in 202406, despite recent dips from a high of $1,465,600 in 202206. Transparency is excellent regarding executive compensation, as zero officer compensation is reported across all available filings. The consistent filing of IRS Form 990s over 16 periods further indicates a commitment to regulatory compliance and public disclosure. While specific program details are not provided in the summary data, the overall financial picture suggests a well-managed organization, albeit one that has recently experienced operational deficits.