Iqra Academy Of Virginia
EIN: 562525403 · Midlothian, VA · NTEE: B200
Is Iqra Academy Of Virginia Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Iqra Academy Of Virginia
Iqra Academy Of Virginia (EIN: 562525403) is a nonprofit organization based in Midlothian, VA, classified under NTEE code B200. The organization reported total revenue of $1.4M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iqra Academy Of Virginia's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Iqra Academy Of Virginia is a mid-size nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.1M |
| Surplus / Deficit | +$84K |
| Total Assets | $1.1M |
| Total Liabilities | $31K |
| Net Assets | $1.1M |
| Operating Margin | 7.3% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 12.6 months |
Financial Health Grade: A
In 2023, Iqra Academy Of Virginia reported a surplus of $84K with revenue exceeding expenses, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 11 years of filings (2012–2023), Iqra Academy Of Virginia's revenue has grown at a compound annual growth rate (CAGR) of 6.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3.0% | +13.9% | +12.7% |
| 2022 | -2.8% | +24.2% | +34.0% |
| 2021 | +19.4% | -18.1% | +72.5% |
| 2020 | -2.5% | -8.8% | +65.4% |
| 2019 | +32.7% | +19.5% | -73.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Iqra Academy Of Virginia has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Iqra Academy Of Virginia with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $84K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Iqra Academy Of Virginia
Is Iqra Academy Of Virginia a legitimate charity?
Based on AI analysis of IRS 990 filings, Iqra Academy Of Virginia (EIN: 562525403) insufficient data. 0 red flags identified, 0 strengths noted.
How does Iqra Academy Of Virginia spend its money?
Detailed spending breakdown data is not yet available for Iqra Academy Of Virginia. Check back for updated IRS 990 analysis.
Are donations to Iqra Academy Of Virginia tax-deductible?
Iqra Academy Of Virginia is registered as a tax-exempt nonprofit (EIN: 562525403). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Iqra Academy Of Virginia showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Iqra Academy Of Virginia's revenue has grown by 109%, moving from $556K to $1.2M. Total assets increased by 795.7% over the same period, from $127K to $1.1M. Total functional expenses rose by 118.3%, from $494K to $1.1M. In its most recent filing year (2023), Iqra Academy Of Virginia reported a surplus of $84K, with revenue exceeding expenses. The organization holds $31K in liabilities against $1.1M in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.1M | $1.1M | $31K | — | — |
| 2022 | $1.2M | $947K | $1.0M | $14K | — | View 990 |
| 2021 | $1.2M | $763K | $751K | $11K | — | View 990 |
| 2020 | $1.0M | $931K | $435K | $180K | — | — |
| 2019 | $1.1M | $1.0M | $263K | $112K | — | View 990 |
| 2017 | $799K | $855K | $992K | $103K | — | View 990 |
| 2016 | $200K | $200K | $166K | $0 | — | View 990 |
| 2015 | $619K | $606K | $228K | $62K | — | View 990 |
| 2014 | $639K | $553K | $213K | $61K | — | View 990 |
| 2013 | $535K | $594K | $103K | $35K | — | View 990 |
| 2012 | $556K | $494K | $127K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.1M, and assets of $1.1M (revenue -3.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $947K, and assets of $1.0M (revenue -2.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $763K, and assets of $751K (revenue +19.4% year-over-year).
- 2020: Revenue of $1.0M, expenses of $931K, and assets of $435K (revenue -2.5% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.0M, and assets of $263K (revenue +32.7% year-over-year).
- 2017: Revenue of $799K, expenses of $855K, and assets of $992K (revenue +299.3% year-over-year).
- 2016: Revenue of $200K, expenses of $200K, and assets of $166K (revenue -67.7% year-over-year).
- 2015: Revenue of $619K, expenses of $606K, and assets of $228K (revenue -3.0% year-over-year).
- 2014: Revenue of $639K, expenses of $553K, and assets of $213K (revenue +19.4% year-over-year).
- 2013: Revenue of $535K, expenses of $594K, and assets of $103K (revenue -3.8% year-over-year).
- 2012: Revenue of $556K, expenses of $494K, and assets of $127K.
Data Sources and Methodology
This transparency report for Iqra Academy Of Virginia 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.