Al Furqaan Foundation
Al Furqaan Foundation shows strong asset growth and zero executive compensation over a decade.
EIN: 200310701 · Romeoville, IL · NTEE: X40 · Updated: 2026-03-28
Is Al Furqaan Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Al Furqaan Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Al Furqaan Foundation
Al Furqaan Foundation (EIN: 200310701) is a nonprofit organization based in Romeoville, IL, classified under NTEE code X40. The organization reported total revenue of $3.6M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Al Furqaan Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Al Furqaan Foundation with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Al Furqaan Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization of its size with assets nearing $9.4 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Al Furqaan Foundation's IRS 990 filings:
- Growing liabilities alongside assets, reaching $4,056,563 in 2020, warrants further investigation into their nature and management.
Strengths
The following positive indicators were identified for Al Furqaan Foundation:
- Consistent asset growth from $2.4M in 2011 to $9.4M in 2020.
- Zero officer compensation reported across all ten filings, indicating high efficiency.
- Strong and generally stable revenue generation, with latest reported revenue at $3,249,437.
- Positive net assets, with assets significantly exceeding liabilities.
Frequently Asked Questions about Al Furqaan Foundation
Is Al Furqaan Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Al Furqaan Foundation (EIN: 200310701) some concerns. Mission Score: 95/100. 1 red flag identified, 4 strengths noted.
How does Al Furqaan Foundation spend its money?
Al Furqaan Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Al Furqaan Foundation tax-deductible?
Al Furqaan Foundation is registered as a tax-exempt nonprofit (EIN: 200310701). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Al Furqaan Foundation a good charity?
Based on the provided data, Al Furqaan Foundation appears to be a very good charity. Its consistent asset growth, strong revenue, and, most notably, 0% officer compensation across all filings suggest a highly efficient and mission-focused organization.
How has Al Furqaan Foundation's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $2,410,269 in 2011 to $9,389,287 in 2020. Revenue has generally remained robust, though with some fluctuations, indicating sustained donor support.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it means no funds are being used to pay salaries to the organization's top executives. This suggests a strong commitment to directing all available resources towards program services and operational efficiency, potentially relying on volunteer leadership or other compensation structures not classified as officer compensation.
Filing History
IRS 990 filing history for Al Furqaan Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Al Furqaan Foundation's revenue has grown by 35.6%, moving from $2.4M to $3.2M. Total assets increased by 289.6% over the same period, from $2.4M to $9.4M. Total functional expenses rose by 6.3%, from $2.4M to $2.5M. In its most recent filing year (2020), Al Furqaan Foundation reported a surplus of $702K, with revenue exceeding expenses. The organization holds $4.1M in liabilities against $9.4M in assets (debt-to-asset ratio: 43.2%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2020 | $3.2M | $2.5M | $9.4M | $4.1M | — | — |
| 2019 | $3.4M | $3.1M | $8.4M | $3.8M | — | View 990 |
| 2018 | $3.5M | $2.8M | $7.8M | $3.4M | — | View 990 |
| 2017 | $2.8M | $3.2M | $7.1M | $3.5M | — | View 990 |
| 2016 | $4.6M | $2.2M | $6.2M | $2.1M | — | View 990 |
| 2015 | $2.3M | $1.7M | $3.5M | $1.8M | — | View 990 |
| 2014 | $1.5M | $1.4M | $2.7M | $1.6M | — | View 990 |
| 2013 | $2.6M | $2.1M | $2.5M | $1.5M | — | View 990 |
| 2012 | $2.1M | $2.4M | $2.5M | $2.0M | — | View 990 |
| 2011 | $2.4M | $2.4M | $2.4M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $3.2M, expenses of $2.5M, and assets of $9.4M (revenue -3.6% year-over-year).
- 2019: Revenue of $3.4M, expenses of $3.1M, and assets of $8.4M (revenue -4.6% year-over-year).
- 2018: Revenue of $3.5M, expenses of $2.8M, and assets of $7.8M (revenue +27.7% year-over-year).
- 2017: Revenue of $2.8M, expenses of $3.2M, and assets of $7.1M (revenue -40.5% year-over-year).
- 2016: Revenue of $4.6M, expenses of $2.2M, and assets of $6.2M (revenue +103.4% year-over-year).
- 2015: Revenue of $2.3M, expenses of $1.7M, and assets of $3.5M (revenue +49.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.4M, and assets of $2.7M (revenue -41.8% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.1M, and assets of $2.5M (revenue +23.8% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.4M, and assets of $2.5M (revenue -11.2% year-over-year).
- 2011: Revenue of $2.4M, expenses of $2.4M, and assets of $2.4M.
Data Sources and Methodology
This transparency report for Al Furqaan Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.