Iqra Community Services Inc

Iqra Community Services Inc shows strong asset growth and low expenses, with significant revenue accumulation.

EIN: 201632633 · E Brunswick, NJ · NTEE: X21 · Updated: 2026-03-28

$921KRevenue

$4.0MAssets

85/100Mission Score (Excellent)

X21

About Iqra Community Services Inc

Iqra Community Services Inc (EIN: 201632633) is a nonprofit organization based in E Brunswick, NJ, classified under NTEE code X21. The organization reported total revenue of $921K and total assets of $4.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Iqra Community Services Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Iqra Community Services Inc demonstrates strong financial health with consistently growing assets and revenue. In the latest filing (202312), the organization reported $4,041,485 in assets against $299,597 in liabilities, indicating a robust financial position. Revenue has shown significant growth, from $156,499 in 2015 to $890,846 in 2023, reflecting increasing support and operational capacity.

The organization exhibits exceptional spending efficiency, with expenses consistently remaining a very small fraction of its revenue. For instance, in 2023, expenses were only $49,812 against $890,846 in revenue, and in 2022, expenses were $59,173 against $869,760 in revenue. This suggests that a substantial portion of its income is either being saved, invested, or allocated to future programs, rather than being immediately spent on operational costs. The lack of reported officer compensation across all filings enhances its transparency and indicates a volunteer-driven leadership model, which is a positive sign for donor confidence.

However, the extremely low expense figures relative to revenue, particularly in recent years, raise questions about the immediate deployment of funds for programmatic activities. While accumulating assets is a sign of financial strength, a detailed breakdown of how the unspent revenue is being utilized (e.g., specific program investments, capital projects, or reserves) would further enhance transparency. The NTEE code X21 (Religious Activities) often implies a focus on community services, and understanding the direct impact of its substantial revenue and assets on these services would provide a more complete picture.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Iqra Community Services 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, Iqra Community Services 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is likely volunteer-based, which is highly favorable for donor trust and resource allocation.

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 Iqra Community Services Inc's IRS 990 filings:

Extremely low reported expenses relative to revenue, raising questions about immediate programmatic deployment of funds.
Lack of detailed expense breakdown in available data makes it difficult to assess specific program spending versus administrative costs.

Strengths

The following positive indicators were identified for Iqra Community Services Inc:

Strong and consistent revenue growth over the past decade, from $156,499 in 2015 to $890,846 in 2023.
Robust financial health with significant asset accumulation ($4,041,485 in 2023) and low liabilities ($299,597 in 2023).
Zero reported officer compensation across all filings, indicating a volunteer-driven leadership and efficient use of funds.
Very low overall expenses, suggesting highly efficient operations or significant reinvestment/saving of funds.

Frequently Asked Questions about Iqra Community Services Inc

Is Iqra Community Services Inc effectively deploying its substantial revenue for its stated mission?

While the organization has significant revenue and assets, its reported expenses are remarkably low relative to its income. For example, in 2023, expenses were $49,812 against $890,846 in revenue. This suggests a large portion of funds are being accumulated or invested rather than immediately spent on programs, which warrants further investigation into how these funds are ultimately utilized for its mission.

What specific programs or services does Iqra Community Services Inc provide given its NTEE code X21?

The NTEE code X21 indicates 'Religious Activities.' Given the substantial revenue and assets, understanding the specific religious or community services provided and how these funds are allocated to them would clarify its programmatic impact.

How does Iqra Community Services Inc manage its significant asset growth?

The organization's assets have grown from $732,255 in 2014 to $4,041,485 in 2023. This rapid growth, coupled with low expenses, suggests a strong focus on asset accumulation. Details on the nature of these assets (e.g., property, investments) and their strategic purpose would be beneficial.

Filing History

IRS 990 filing history for Iqra Community Services Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Iqra Community Services Inc's revenue has grown by 309.2%, moving from $218K to $891K. Total assets increased by 543.6% over the same period, from $628K to $4.0M. Total functional expenses rose by 42.5%, from $35K to $50K. In its most recent filing year (2023), Iqra Community Services Inc reported a surplus of $841K, with revenue exceeding expenses. The organization holds $300K in liabilities against $4.0M in assets (debt-to-asset ratio: 7.4%), resulting in net assets of $3.7M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$891K	$50K	$4.0M	$300K	—	—
2022	$870K	$59K	$3.2M	$311K	—	—
2021	$743K	$567K	$2.1M	$0	—	View 990
2020	$276K	$43K	$1.9M	$0	—	View 990
2019	$415K	$63K	$1.7M	$0	—	View 990
2018	$353K	$83K	$1.3M	$0	—	View 990
2017	$225K	$81K	$1.1M	$0	—	—
2016	$174K	$89K	$916K	$0	—	View 990
2015	$156K	$39K	$831K	$0	—	View 990
2014	$165K	$47K	$732K	$0	—	View 990
2013	$180K	$33K	$614K	$0	—	View 990
2012	$188K	$32K	$626K	$158K	—	View 990
2011	$218K	$35K	$628K	$317K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $891K, expenses of $50K, and assets of $4.0M (revenue +2.4% year-over-year).
2022: Revenue of $870K, expenses of $59K, and assets of $3.2M (revenue +17.1% year-over-year).
2021: Revenue of $743K, expenses of $567K, and assets of $2.1M (revenue +169.7% year-over-year).
2020: Revenue of $276K, expenses of $43K, and assets of $1.9M (revenue -33.6% year-over-year).
2019: Revenue of $415K, expenses of $63K, and assets of $1.7M (revenue +17.6% year-over-year).
2018: Revenue of $353K, expenses of $83K, and assets of $1.3M (revenue +56.4% year-over-year).
2017: Revenue of $225K, expenses of $81K, and assets of $1.1M (revenue +29.5% year-over-year).
2016: Revenue of $174K, expenses of $89K, and assets of $916K (revenue +11.2% year-over-year).
2015: Revenue of $156K, expenses of $39K, and assets of $831K (revenue -5.2% year-over-year).
2014: Revenue of $165K, expenses of $47K, and assets of $732K (revenue -8.3% year-over-year).
2013: Revenue of $180K, expenses of $33K, and assets of $614K (revenue -4.1% year-over-year).
2012: Revenue of $188K, expenses of $32K, and assets of $626K (revenue -13.8% year-over-year).
2011: Revenue of $218K, expenses of $35K, and assets of $628K.

Data Sources and Methodology

This transparency report for Iqra Community Services 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.