Islamic Academy Of Alabama Inc

Islamic Academy Of Alabama Inc. shows consistent volunteer leadership but recent operational deficits.

EIN: 208367574 · Homewood, AL · NTEE: B24 · Updated: 2026-03-28

$2.3MRevenue

$1.4MAssets

85/100Mission Score (Excellent)

B24

About Islamic Academy Of Alabama Inc

Islamic Academy Of Alabama Inc (EIN: 208367574) is a nonprofit organization based in Homewood, AL, classified under NTEE code B24. The organization reported total revenue of $2.3M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islamic Academy Of Alabama Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Islamic Academy Of Alabama Inc. demonstrates a consistent operational history with revenues generally exceeding expenses in earlier periods, contributing to asset growth. However, the most recent filings (202306 and 202406) show expenses exceeding revenue, indicating a potential shift in financial stability or increased investment in programs. For instance, in 202406, expenses were $1,703,430 against revenues of $1,450,400, resulting in a deficit. The organization consistently reports zero officer compensation, which is a strong indicator of volunteer leadership and efficient use of funds, enhancing its transparency and public trust.

Spending efficiency appears high given the lack of reported officer compensation. Without a detailed functional expense breakdown, it's challenging to precisely determine program, administrative, and fundraising ratios. However, the consistent reporting of zero liabilities in most recent years (202106-202406) suggests sound financial management and a lack of significant debt burden. The organization's assets have fluctuated but generally show growth over the long term, from $656,947 in 201506 to $758,502 in 202406, despite recent dips from a high of $1,465,600 in 202206.

Transparency is excellent regarding executive compensation, as zero officer compensation is reported across all available filings. The consistent filing of IRS Form 990s over 16 periods further indicates a commitment to regulatory compliance and public disclosure. While specific program details are not provided in the summary data, the overall financial picture suggests a well-managed organization, albeit one that has recently experienced operational deficits.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Islamic Academy Of Alabama 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: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Islamic Academy Of Alabama Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure and efficient use of funds by not allocating resources to executive salaries.

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 Islamic Academy Of Alabama Inc's IRS 990 filings:

Expenses exceeded revenue in the two most recent fiscal periods (202306 and 202406), indicating potential operational deficits.
Significant decrease in assets from $1,465,600 in 202206 to $758,502 in 202406.

Strengths

The following positive indicators were identified for Islamic Academy Of Alabama Inc:

Consistent reporting of 0% officer compensation across all filings, indicating volunteer leadership.
Long history of IRS 990 filings (16 periods), demonstrating transparency and compliance.
Zero liabilities reported in several recent periods (202106-202406), indicating sound debt management.
Overall asset growth over the past decade, despite recent fluctuations.

Frequently Asked Questions about Islamic Academy Of Alabama Inc

Is Islamic Academy Of Alabama Inc. financially stable?

While the organization has shown asset growth over time, recent filings (202306 and 202406) indicate expenses exceeding revenue, suggesting a period of operational deficit. This warrants closer monitoring of future financial trends.

How does the organization manage executive compensation?

The organization reports 0% officer compensation in all available filings, indicating that its leadership is entirely volunteer-based, which is a strong positive for efficiency and donor trust.

What is the trend in the organization's assets?

Assets have generally grown over the long term, from $656,947 in 201506 to $758,502 in 202406, though there has been a decline from a peak of $1,465,600 in 202206.

Filing History

IRS 990 filing history for Islamic Academy Of Alabama Inc showing financial trends over 16 years of public records:

Over 16 years of IRS 990 filings (2009–2024), Islamic Academy Of Alabama Inc's revenue has grown by 74.5%, moving from $831K to $1.5M. Total assets increased by 341.7% over the same period, from $172K to $759K. Total functional expenses rose by 115.8%, from $789K to $1.7M. In its most recent filing year (2024), Islamic Academy Of Alabama Inc reported a deficit of $253K, with expenses exceeding revenue.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$1.5M	$1.7M	$759K	$0	—	View 990
2023	$1.3M	$1.7M	$1.0M	$0	—	View 990
2022	$1.3M	$1.1M	$1.5M	$0	—	View 990
2021	$1.6M	$991K	$1.3M	$0	—	—
2020	$1.2M	$1.2M	$912K	$203K	—	View 990
2019	$1.3M	$1.2M	$741K	$0	—	View 990
2018	$1.2M	$1.2M	$637K	$550	—	—
2017	$1.1M	$1.2M	$662K	$1K	—	View 990
2016	$1.4M	$1.3M	$735K	$50K	—	View 990
2015	$1.5M	$1.3M	$657K	$58K	—	View 990
2014	$1.4M	$1.3M	$443K	$70K	—	View 990
2013	$1.2M	$1.4M	$326K	$24K	—	View 990
2012	$1.2M	$1.1M	$502K	$34K	—	View 990
2011	$1.0M	$874K	$442K	$20K	—	View 990
2010	$969K	$855K	$287K	$9K	—	View 990
2009	$831K	$789K	$172K	$8K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $1.5M, expenses of $1.7M, and assets of $759K (revenue +7.8% year-over-year).
2023: Revenue of $1.3M, expenses of $1.7M, and assets of $1.0M (revenue +3.2% year-over-year).
2022: Revenue of $1.3M, expenses of $1.1M, and assets of $1.5M (revenue -16.9% year-over-year).
2021: Revenue of $1.6M, expenses of $991K, and assets of $1.3M (revenue +30.3% year-over-year).
2020: Revenue of $1.2M, expenses of $1.2M, and assets of $912K (revenue -10.2% year-over-year).
2019: Revenue of $1.3M, expenses of $1.2M, and assets of $741K (revenue +15.2% year-over-year).
2018: Revenue of $1.2M, expenses of $1.2M, and assets of $637K (revenue +5.8% year-over-year).
2017: Revenue of $1.1M, expenses of $1.2M, and assets of $662K (revenue -22.8% year-over-year).
2016: Revenue of $1.4M, expenses of $1.3M, and assets of $735K (revenue -6.0% year-over-year).
2015: Revenue of $1.5M, expenses of $1.3M, and assets of $657K (revenue +11.0% year-over-year).
2014: Revenue of $1.4M, expenses of $1.3M, and assets of $443K (revenue +12.0% year-over-year).
2013: Revenue of $1.2M, expenses of $1.4M, and assets of $326K (revenue +4.2% year-over-year).
2012: Revenue of $1.2M, expenses of $1.1M, and assets of $502K (revenue +15.1% year-over-year).
2011: Revenue of $1.0M, expenses of $874K, and assets of $442K (revenue +5.1% year-over-year).
2010: Revenue of $969K, expenses of $855K, and assets of $287K (revenue +16.6% year-over-year).
2009: Revenue of $831K, expenses of $789K, and assets of $172K.

Data Sources and Methodology

This transparency report for Islamic Academy Of Alabama 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.