Islamic Center Of Federal Way
EIN: 352398093 · Kent, WA · NTEE: X40
| Metric | Value |
|---|---|
| Total Revenue | $346K |
| Total Expenses | $200K |
| Net Assets | $1.3M |
Is Islamic Center Of Federal Way Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Islamic Center Of Federal Way
Islamic Center Of Federal Way (EIN: 352398093) is a nonprofit organization based in Kent, WA, classified under NTEE code X40. The organization reported total revenue of $346K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islamic Center Of Federal Way's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Islamic Center Of Federal Way is a small nonprofit that has been operating for 12 years, with 11 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $283K |
| Total Expenses | $200K |
| Surplus / Deficit | +$83K |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 29.3% |
| Months of Reserves | 76.9 months |
Financial Health Grade: A
In 2023, Islamic Center Of Federal Way reported a surplus of $83K with revenue exceeding expenses, holds 76.9 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2012–2023), Islamic Center Of Federal Way's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -20.4% | +4.2% | +7.3% |
| 2022 | +11.0% | +32.8% | +15.6% |
| 2021 | +44.1% | -7.2% | +20.5% |
| 2020 | +35.0% | +19.4% | +21.9% |
| 2018 | -0.7% | +144.1% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2014 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Islamic Center Of Federal Way 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 Islamic Center Of Federal Way 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 $83K, with revenue exceeding expenses.
Frequently Asked Questions about Islamic Center Of Federal Way
Is Islamic Center Of Federal Way a legitimate charity?
Islamic Center Of Federal Way (EIN: 352398093) is a registered tax-exempt nonprofit based in Washington. It has 11 years of IRS 990 filings on record. Total revenue: $346K. No red flags identified. Financial health grade: A.
How does Islamic Center Of Federal Way spend its money?
Islamic Center Of Federal Way reported $346K in total revenue in IRS 990 filings. 11 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Islamic Center Of Federal Way tax-deductible?
Islamic Center Of Federal Way is registered as a tax-exempt nonprofit (EIN: 352398093). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Islamic Center Of Federal Way located?
Islamic Center Of Federal Way is headquartered in Kent, Washington and files with the IRS under EIN 352398093. It is classified under NTEE code X40.
How many years of IRS 990 filings does Islamic Center Of Federal Way have?
Islamic Center Of Federal Way has 11 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 $346K in total revenue.
Filing History
IRS 990 filing history for Islamic Center Of Federal Way showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2012–2023), Islamic Center Of Federal Way's revenue has declined by 37.2%, moving from $451K to $283K. Total assets increased by 175.8% over the same period, from $465K to $1.3M. Total functional expenses rose by 718.2%, from $24K to $200K. In its most recent filing year (2023), Islamic Center Of Federal Way reported a surplus of $83K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $283K | $200K | $1.3M | $0 | — | View 990 |
| 2022 | $356K | $192K | $1.2M | $0 | — | View 990 |
| 2021 | $320K | $145K | $1.0M | $0 | — | View 990 |
| 2020 | $222K | $156K | $859K | $0 | — | View 990 |
| 2018 | $165K | $131K | $704K | $0 | — | View 990 |
| 2017 | $166K | $54K | $670K | $0 | — | View 990 |
| 2016 | $119K | $104K | $663K | $0 | — | View 990 |
| 2015 | $59K | $126K | $900K | $0 | — | View 990 |
| 2014 | $144K | $93K | $966K | $0 | — | View 990 |
| 2013 | $184K | $40K | $574K | $0 | — | View 990 |
| 2012 | $451K | $24K | $465K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $283K, expenses of $200K, and assets of $1.3M (revenue -20.4% year-over-year).
- 2022: Revenue of $356K, expenses of $192K, and assets of $1.2M (revenue +11.0% year-over-year).
- 2021: Revenue of $320K, expenses of $145K, and assets of $1.0M (revenue +44.1% year-over-year).
- 2020: Revenue of $222K, expenses of $156K, and assets of $859K (revenue +35.0% year-over-year).
- 2018: Revenue of $165K, expenses of $131K, and assets of $704K (revenue -0.7% year-over-year).
- 2017: Revenue of $166K, expenses of $54K, and assets of $670K (revenue +38.9% year-over-year).
- 2016: Revenue of $119K, expenses of $104K, and assets of $663K (revenue +103.2% year-over-year).
- 2015: Revenue of $59K, expenses of $126K, and assets of $900K (revenue -59.1% year-over-year).
- 2014: Revenue of $144K, expenses of $93K, and assets of $966K (revenue -22.0% year-over-year).
- 2013: Revenue of $184K, expenses of $40K, and assets of $574K (revenue -59.2% year-over-year).
- 2012: Revenue of $451K, expenses of $24K, and assets of $465K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Islamic Center Of Federal Way:
Data Sources and Methodology
This transparency report for Islamic Center Of Federal Way 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.