Islamic Education Society Of Maryland Inc
EIN: 270604985 · Silver Spring, MD · NTEE: X30
| Metric | Value |
|---|---|
| Total Revenue | $139K |
| Total Expenses | $28K |
| Net Assets | $441K |
Is Islamic Education Society Of Maryland Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Islamic Education Society Of Maryland Inc
Islamic Education Society Of Maryland Inc (EIN: 270604985) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code X30. The organization reported total revenue of $139K and total assets of $479K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Islamic Education Society Of Maryland Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Islamic Education Society Of Maryland Inc is a small nonprofit that has been operating for 12 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -21.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $104K |
| Total Expenses | $28K |
| Surplus / Deficit | +$75K |
| Total Assets | $447K |
| Total Liabilities | $6K |
| Net Assets | $441K |
| Operating Margin | 72.8% |
| Debt-to-Asset Ratio | 1.4% |
| Months of Reserves | 190.2 months |
Financial Health Grade: A
In 2023, Islamic Education Society Of Maryland Inc reported a surplus of $75K with revenue exceeding expenses, holds 190.2 months of operating reserves (strong position), has a debt-to-asset ratio of 1.4% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Islamic Education Society Of Maryland Inc's revenue has declined at a compound annual growth rate (CAGR) of -21.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -27.5% | -50.8% | -4.0% |
| 2022 | -14.1% | +51.2% | +66.3% |
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 Education Society Of Maryland Inc 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 Education Society Of Maryland Inc 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 $75K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.4%.
Frequently Asked Questions about Islamic Education Society Of Maryland Inc
Is Islamic Education Society Of Maryland Inc a legitimate charity?
Islamic Education Society Of Maryland Inc (EIN: 270604985) is a registered tax-exempt nonprofit based in Maryland. It has 3 years of IRS 990 filings on record. Total revenue: $139K. No red flags identified. Financial health grade: A.
How does Islamic Education Society Of Maryland Inc spend its money?
Islamic Education Society Of Maryland Inc reported $139K in total revenue in IRS 990 filings. 3 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Islamic Education Society Of Maryland Inc tax-deductible?
Islamic Education Society Of Maryland Inc is registered as a tax-exempt nonprofit (EIN: 270604985). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Islamic Education Society Of Maryland Inc located?
Islamic Education Society Of Maryland Inc is headquartered in Silver Spring, Maryland and files with the IRS under EIN 270604985. It is classified under NTEE code X30.
How many years of IRS 990 filings does Islamic Education Society Of Maryland Inc have?
Islamic Education Society Of Maryland Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $139K in total revenue.
Filing History
IRS 990 filing history for Islamic Education Society Of Maryland Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Islamic Education Society Of Maryland Inc's revenue has declined by 37.8%, moving from $166K to $104K. Total assets increased by 59.7% over the same period, from $280K to $447K. Total functional expenses fell by 25.6%, from $38K to $28K. In its most recent filing year (2023), Islamic Education Society Of Maryland Inc reported a surplus of $75K, with revenue exceeding expenses. The organization holds $6K in liabilities against $447K in assets (debt-to-asset ratio: 1.4%), resulting in net assets of $441K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $104K | $28K | $447K | $6K | — | View 990 |
| 2022 | $143K | $57K | $465K | $100K | — | — |
| 2021 | $166K | $38K | $280K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104K, expenses of $28K, and assets of $447K (revenue -27.5% year-over-year).
- 2022: Revenue of $143K, expenses of $57K, and assets of $465K (revenue -14.1% year-over-year).
- 2021: Revenue of $166K, expenses of $38K, and assets of $280K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Islamic Education Society Of Maryland Inc:
Data Sources and Methodology
This transparency report for Islamic Education Society Of Maryland 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.