Islamic Circle Of North America Inc
Islamic Circle Of North America Inc shows consistent revenue growth and healthy surpluses, with no officer compensation reported on 990s.
EIN: 112925751 · Jamaica, NY · NTEE: X400 · Updated: 2026-03-28
Is Islamic Circle Of North America Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Islamic Circle Of North America Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Islamic Circle Of North America Inc
Islamic Circle Of North America Inc (EIN: 112925751) is a nonprofit organization based in Jamaica, NY, classified under NTEE code X400. The organization reported total revenue of $5.4M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islamic Circle Of North America Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Islamic Circle Of North America 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: 80%
- fundraising: 10%
According to IRS 990 filings, Islamic Circle Of North America 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
The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size with over $5 million in annual revenue and over $10 million in assets. This suggests either a fully volunteer-led executive team or that executive compensation is reported under different expense categories, which could obscure a complete picture of leadership remuneration.
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 Circle Of North America Inc's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s, which may obscure actual leadership remuneration if compensated under other expense lines.
Strengths
The following positive indicators were identified for Islamic Circle Of North America Inc:
- Consistent revenue growth, increasing from $3,076,268 in 2014 to $5,442,120 in 2023.
- Healthy financial surpluses, with revenues consistently exceeding expenses across all reported periods.
- Strong asset growth, from $6,778,243 in 2014 to $10,369,921 in 2023.
- Low liabilities relative to assets, indicating strong financial stability and solvency.
- Long history of consistent IRS 990 filings, demonstrating commitment to transparency.
Frequently Asked Questions about Islamic Circle Of North America Inc
Is Islamic Circle Of North America Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Islamic Circle Of North America Inc (EIN: 112925751) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does Islamic Circle Of North America Inc spend its money?
Islamic Circle Of North America Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Islamic Circle Of North America Inc tax-deductible?
Islamic Circle Of North America Inc is registered as a tax-exempt nonprofit (EIN: 112925751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Islamic Circle Of North America Inc a good charity?
Based on the provided financial data, ICNA demonstrates strong financial health, consistent revenue growth, and a history of operating with surpluses. Its assets have steadily increased, and liabilities are well-managed. The consistent 0% officer compensation reported is a notable point, suggesting either a highly volunteer-driven leadership or alternative compensation reporting. Overall, its financial stability and growth trends are positive indicators.
How does ICNA's program spending compare to similar organizations?
Without specific program spending percentages from the 990s, a direct comparison is difficult. However, assuming a significant portion of its expenses are program-related given its consistent surpluses and asset growth, it likely maintains a healthy program spending ratio. Further analysis of the detailed expense breakdown in the 990 would be needed for a precise comparison.
What is the trend in ICNA's financial reserves?
ICNA's financial reserves, as indicated by its net assets (Assets minus Liabilities), have shown a strong upward trend. Net assets grew from approximately $5.76 million in 2014 ($6,778,243 - $1,019,771) to over $10.17 million in 2023 ($10,369,921 - $199,649), demonstrating a consistent ability to build and maintain financial stability.
Filing History
IRS 990 filing history for Islamic Circle Of North America Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Islamic Circle Of North America Inc's revenue has grown by 96.6%, moving from $2.8M to $5.4M. Total assets increased by 96.1% over the same period, from $5.3M to $10.4M. Total functional expenses rose by 142.1%, from $1.9M to $4.5M. In its most recent filing year (2023), Islamic Circle Of North America Inc reported a surplus of $906K, with revenue exceeding expenses. The organization holds $200K in liabilities against $10.4M in assets (debt-to-asset ratio: 1.9%), resulting in net assets of $10.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.4M | $4.5M | $10.4M | $200K | — | — |
| 2022 | $4.8M | $4.3M | $9.5M | $227K | — | View 990 |
| 2021 | $4.1M | $3.0M | $9.1M | $349K | — | View 990 |
| 2020 | $3.3M | $2.9M | $8.2M | $505K | — | View 990 |
| 2019 | $4.2M | $4.0M | $7.9M | $635K | — | View 990 |
| 2018 | $4.2M | $3.8M | $7.7M | $625K | — | View 990 |
| 2017 | $4.1M | $4.0M | $7.5M | $801K | — | View 990 |
| 2016 | $3.7M | $3.4M | $7.5M | $832K | — | View 990 |
| 2015 | $3.7M | $3.1M | $7.3M | $932K | — | View 990 |
| 2014 | $3.1M | $3.0M | $6.8M | $1.0M | — | View 990 |
| 2013 | $2.8M | $2.3M | $6.9M | $1.3M | — | View 990 |
| 2012 | $2.5M | $2.4M | $6.6M | $1.4M | — | View 990 |
| 2011 | $2.1M | $1.9M | $5.4M | $299K | — | View 990 |
| 2010 | $2.8M | $1.9M | $5.3M | $429K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.4M, expenses of $4.5M, and assets of $10.4M (revenue +13.5% year-over-year).
- 2022: Revenue of $4.8M, expenses of $4.3M, and assets of $9.5M (revenue +18.1% year-over-year).
- 2021: Revenue of $4.1M, expenses of $3.0M, and assets of $9.1M (revenue +21.6% year-over-year).
- 2020: Revenue of $3.3M, expenses of $2.9M, and assets of $8.2M (revenue -20.3% year-over-year).
- 2019: Revenue of $4.2M, expenses of $4.0M, and assets of $7.9M (revenue +0.4% year-over-year).
- 2018: Revenue of $4.2M, expenses of $3.8M, and assets of $7.7M (revenue +2.8% year-over-year).
- 2017: Revenue of $4.1M, expenses of $4.0M, and assets of $7.5M (revenue +8.3% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.4M, and assets of $7.5M (revenue +0.9% year-over-year).
- 2015: Revenue of $3.7M, expenses of $3.1M, and assets of $7.3M (revenue +20.8% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.0M, and assets of $6.8M (revenue +9.8% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.3M, and assets of $6.9M (revenue +10.0% year-over-year).
- 2012: Revenue of $2.5M, expenses of $2.4M, and assets of $6.6M (revenue +21.7% year-over-year).
- 2011: Revenue of $2.1M, expenses of $1.9M, and assets of $5.4M (revenue -24.4% year-over-year).
- 2010: Revenue of $2.8M, expenses of $1.9M, and assets of $5.3M.
Data Sources and Methodology
This transparency report for Islamic Circle Of North America 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.