Foundation For Islamic Education Inc

Foundation For Islamic Education Inc faces consistent operating deficits despite substantial assets.

EIN: 133477893 · Exton, PA · Updated: 2026-03-28

$677KRevenue

$9.0MAssets

65/100Mission Score (Good)

Is Foundation For Islamic Education Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Foundation For Islamic Education Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Foundation For Islamic Education Inc

Foundation For Islamic Education Inc (EIN: 133477893) is a nonprofit organization based in Exton, PA. The organization reported total revenue of $677K and total assets of $9.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Foundation For Islamic Education Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Foundation For Islamic Education Inc demonstrates a mixed financial picture. While the organization has substantial assets, reaching over $9 million in recent years, its operational sustainability appears challenged by consistent deficits. In 2023, expenses of $1,304,583 significantly outstripped revenue of $673,752, resulting in a substantial net loss. This trend of expenses exceeding revenue is visible in multiple recent periods, including 2022 ($612,912 expenses vs. $583,453 revenue) and 2021 ($598,594 expenses vs. $495,670 revenue). The organization's asset base, while large, has seen a slight decline from $10,130,157 in 2019 to $9,061,713 in 2023, which could be a concern if deficits continue to erode reserves. The consistent reporting of 0% officer compensation across all available filings suggests a commitment to minimizing administrative overhead in this specific area, which is a positive indicator for donor confidence regarding executive pay. However, without a detailed breakdown of program, administrative, and fundraising expenses, a full assessment of spending efficiency is difficult. The organization's transparency regarding executive compensation is strong, but more granular expense reporting would enhance overall financial transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Foundation For Islamic Education Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 80%
fundraising: 10%

According to IRS 990 filings, Foundation For Islamic Education Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is highly favorable for an organization of its asset size ($9,061,713 in 2023).

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 Foundation For Islamic Education Inc's IRS 990 filings:

Consistent operating deficits: Expenses have exceeded revenue in multiple recent periods (e.g., 2023, 2022, 2021), indicating a potential sustainability issue.
Declining asset base: Total assets have decreased from over $10 million in 2019 to approximately $9 million in 2023, likely due to covering deficits.

Strengths

The following positive indicators were identified for Foundation For Islamic Education Inc:

Strong asset base: The organization holds over $9 million in assets, providing a significant financial cushion.
Zero executive compensation: No compensation reported for officers, directors, trustees, or key employees, indicating efficient use of funds in this area.
Low liabilities: Liabilities have remained very low in recent years (e.g., $20,004 in 2023 and 2022), suggesting good financial management of debt.

Frequently Asked Questions about Foundation For Islamic Education Inc

Is Foundation For Islamic Education Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Foundation For Islamic Education Inc (EIN: 133477893) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.

How does Foundation For Islamic Education Inc spend its money?

Foundation For Islamic Education Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to Foundation For Islamic Education Inc tax-deductible?

Foundation For Islamic Education Inc is registered as a tax-exempt nonprofit (EIN: 133477893). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

Is Foundation For Islamic Education Inc financially sustainable given its recurring deficits?

The organization has consistently reported expenses exceeding revenue in recent years (e.g., $1,304,583 expenses vs. $673,752 revenue in 2023), which raises concerns about long-term financial sustainability if this trend continues to draw down its significant asset base.

What is the primary source of the organization's substantial assets?

While the filings show a large asset base (over $9 million), the specific sources (e.g., endowments, property, investments) are not detailed in the provided summary. Further investigation into the full 990 forms would be needed.

How does the organization cover its operational deficits?

The recurring deficits suggest the organization is likely drawing from its accumulated assets to cover operational expenses, as indicated by the slight decline in total assets from $10,130,157 in 2019 to $9,061,713 in 2023.

Filing History

IRS 990 filing history for Foundation For Islamic Education Inc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2010–2023), Foundation For Islamic Education Inc's revenue has declined by 16.9%, moving from $811K to $674K. Total assets increased by 1066.1% over the same period, from $777K to $9.1M. Total functional expenses rose by 27.9%, from $1.0M to $1.3M. In its most recent filing year (2023), Foundation For Islamic Education Inc reported a deficit of $631K, with expenses exceeding revenue. The organization holds $20K in liabilities against $9.1M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $9.0M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$674K	$1.3M	$9.1M	$20K	—	—
2022	$583K	$613K	$9.7M	$20K	—	View 990
2021	$496K	$599K	$9.7M	$1	—	View 990
2020	$244K	$672K	$9.7M	$289	—	View 990
2019	$1.8M	$432K	$10.1M	$289	—	—
2015	$1.1M	$1.1M	$247K	$1	—	View 990
2014	$913K	$987K	$295K	$1	—	View 990
2013	$824K	$875K	$369K	$1	—	View 990
2012	$886K	$1.0M	$494K	$74K	—	View 990
2011	$861K	$986K	$660K	$86K	—	View 990
2010	$811K	$1.0M	$777K	$78K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $674K, expenses of $1.3M, and assets of $9.1M (revenue +15.5% year-over-year).
2022: Revenue of $583K, expenses of $613K, and assets of $9.7M (revenue +17.7% year-over-year).
2021: Revenue of $496K, expenses of $599K, and assets of $9.7M (revenue +103.2% year-over-year).
2020: Revenue of $244K, expenses of $672K, and assets of $9.7M (revenue -86.5% year-over-year).
2019: Revenue of $1.8M, expenses of $432K, and assets of $10.1M (revenue +66.1% year-over-year).
2015: Revenue of $1.1M, expenses of $1.1M, and assets of $247K (revenue +18.7% year-over-year).
2014: Revenue of $913K, expenses of $987K, and assets of $295K (revenue +10.8% year-over-year).
2013: Revenue of $824K, expenses of $875K, and assets of $369K (revenue -7.0% year-over-year).
2012: Revenue of $886K, expenses of $1.0M, and assets of $494K (revenue +3.0% year-over-year).
2011: Revenue of $861K, expenses of $986K, and assets of $660K (revenue +6.1% year-over-year).
2010: Revenue of $811K, expenses of $1.0M, and assets of $777K.

Data Sources and Methodology

This transparency report for Foundation For Islamic Education 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.