Baitulmaal Inc
Baitulmaal Inc shows strong financial recovery and asset growth in 2023 after a deficit in 2022, with no reported officer compensation.
EIN: 200942434 · Irving, TX · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $77.4M |
| Total Expenses | $13.5M |
| Program Spending | 90% |
| Net Assets | $11.3M |
| Transparency Score | 85/100 |
Is Baitulmaal Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Baitulmaal Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Baitulmaal Inc
Baitulmaal Inc (EIN: 200942434) is a nonprofit organization based in Irving, TX, classified under NTEE code Q33. The organization reported total revenue of $77.4M and total assets of $15.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Baitulmaal Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Baitulmaal Inc is a major nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23.7M |
| Total Expenses | $13.5M |
| Surplus / Deficit | +$10.2M |
| Total Assets | $12.3M |
| Total Liabilities | $971K |
| Net Assets | $11.3M |
| Operating Margin | 43.0% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Baitulmaal Inc reported a surplus of $10.2M with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Baitulmaal Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -35.6% | -64.9% | +831.3% |
| 2022 | +10.6% | +20.0% | -52.5% |
| 2021 | +133.0% | +124.5% | +174.0% |
| 2020 | +140.3% | +144.1% | -4.1% |
| 2019 | -5.1% | -3.9% | +10.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Baitulmaal Inc with a Mission Score of 85 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, Baitulmaal Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $10.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers received reportable compensation from the organization, which is highly unusual for an organization with annual revenues in the tens of millions.
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 Baitulmaal Inc's IRS 990 filings:
- Significant fluctuation in annual revenue and expenses, leading to occasional deficits (e.g., 202212, 201712, 201612).
- Consistent reporting of 0% officer compensation for an organization of this size and revenue, which may warrant further inquiry into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Baitulmaal Inc:
- Strong financial recovery and surplus in the most recent filing (202312), with revenue significantly exceeding expenses.
- Consistent reporting of 0% officer compensation, indicating a lean executive overhead.
- Substantial long-term asset growth, from $764,132 in 201712 to $12,263,328 in 202312.
- Extensive filing history (13 filings) demonstrating a commitment to transparency and providing a comprehensive financial record.
Frequently Asked Questions about Baitulmaal Inc
Is Baitulmaal Inc a legitimate charity?
Baitulmaal Inc (EIN: 200942434) is a registered tax-exempt nonprofit based in Texas. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $77.4M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Baitulmaal Inc spend its money?
Baitulmaal Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Baitulmaal Inc tax-deductible?
Baitulmaal Inc is registered as a tax-exempt nonprofit (EIN: 200942434). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Baitulmaal Inc's spending goes to programs?
Baitulmaal Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Baitulmaal Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Baitulmaal Inc is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Baitulmaal Inc located?
Baitulmaal Inc is headquartered in Irving, Texas and files with the IRS under EIN 200942434. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Baitulmaal Inc have?
Baitulmaal Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $77.4M in total revenue.
Is Baitulmaal Inc financially stable?
While Baitulmaal Inc experienced a significant deficit in 202212, its 202312 filing shows a strong surplus of over $10 million and substantial asset growth, indicating a recovery and improved financial stability in the most recent period.
How does Baitulmaal Inc manage executive compensation?
Baitulmaal Inc consistently reports 0% officer compensation across all 13 available filings, suggesting that its officers do not receive salaries or other reportable compensation directly from the organization.
What are the trends in Baitulmaal Inc's assets?
Baitulmaal Inc's assets have shown significant growth over the long term, increasing from $764,132 in 201712 to $12,263,328 in 202312, despite a notable dip in 202212.
Did Baitulmaal Inc have any financial challenges recently?
Yes, in the 202212 period, Baitulmaal Inc reported expenses of $38,434,111 against revenues of $36,776,286, resulting in a deficit of over $1.6 million and a decrease in assets.
Filing History
IRS 990 filing history for Baitulmaal Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Baitulmaal Inc's revenue has grown by 1138.1%, moving from $1.9M to $23.7M. Total assets increased by 2340.9% over the same period, from $502K to $12.3M. Total functional expenses rose by 676%, from $1.7M to $13.5M. In its most recent filing year (2023), Baitulmaal Inc reported a surplus of $10.2M, with revenue exceeding expenses. The organization holds $971K in liabilities against $12.3M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $11.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23.7M | $13.5M | $12.3M | $971K | — | — |
| 2022 | $36.8M | $38.4M | $1.3M | $209K | — | View 990 |
| 2021 | $33.2M | $32.0M | $2.8M | $8K | — | View 990 |
| 2020 | $14.3M | $14.3M | $1.0M | $-499 | — | View 990 |
| 2019 | $5.9M | $5.8M | $1.1M | $59K | — | View 990 |
| 2018 | $6.3M | $6.1M | $955K | $51K | — | View 990 |
| 2017 | $4.6M | $4.7M | $764K | $35K | — | View 990 |
| 2016 | $9.4M | $9.9M | $874K | $58K | — | View 990 |
| 2015 | $14.6M | $14.6M | $1.3M | $58K | — | View 990 |
| 2014 | $8.1M | $7.7M | $1.2M | $37K | — | View 990 |
| 2013 | $1.7M | $1.5M | $835K | $20K | — | View 990 |
| 2012 | $1.7M | $1.5M | $703K | $17K | — | View 990 |
| 2011 | $1.9M | $1.7M | $502K | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.7M, expenses of $13.5M, and assets of $12.3M (revenue -35.6% year-over-year).
- 2022: Revenue of $36.8M, expenses of $38.4M, and assets of $1.3M (revenue +10.6% year-over-year).
- 2021: Revenue of $33.2M, expenses of $32.0M, and assets of $2.8M (revenue +133.0% year-over-year).
- 2020: Revenue of $14.3M, expenses of $14.3M, and assets of $1.0M (revenue +140.3% year-over-year).
- 2019: Revenue of $5.9M, expenses of $5.8M, and assets of $1.1M (revenue -5.1% year-over-year).
- 2018: Revenue of $6.3M, expenses of $6.1M, and assets of $955K (revenue +36.8% year-over-year).
- 2017: Revenue of $4.6M, expenses of $4.7M, and assets of $764K (revenue -51.5% year-over-year).
- 2016: Revenue of $9.4M, expenses of $9.9M, and assets of $874K (revenue -35.5% year-over-year).
- 2015: Revenue of $14.6M, expenses of $14.6M, and assets of $1.3M (revenue +80.1% year-over-year).
- 2014: Revenue of $8.1M, expenses of $7.7M, and assets of $1.2M (revenue +385.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.5M, and assets of $835K (revenue -1.3% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.5M, and assets of $703K (revenue -11.4% year-over-year).
- 2011: Revenue of $1.9M, expenses of $1.7M, and assets of $502K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Baitulmaal Inc:
Data Sources and Methodology
This transparency report for Baitulmaal Inc 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.