Muslim Foundation Inc
Muslim Foundation Inc: Strong Asset Growth, Transparency Gaps
EIN: 222413703 · Somerset, NJ · Updated: 2026-04-04
About Muslim Foundation Inc
Muslim Foundation Inc (EIN: 222413703) is a nonprofit organization based in Somerset, NJ. The organization reported total revenue of $2.2M and total assets of $14.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Muslim Foundation 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 Muslim Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Muslim Foundation Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation information is not disclosed in the provided filings, preventing an assessment of its reasonableness relative to the organization's revenue and assets.
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 Muslim Foundation Inc's IRS 990 filings:
- Lack of detailed program descriptions and impact reporting on their website or in public filings.
- Absence of executive compensation details in available financial data.
Strengths
The following positive indicators were identified for Muslim Foundation Inc:
- Consistent revenue growth over the past several years, from $1,088,518 in 2016 to $2,504,911 in 2023.
- Significant asset growth, increasing from $6,652,749 in 2016 to $12,839,041 in 2023, indicating strong financial health.
- Low liability-to-asset ratio, suggesting good financial management and stability.
Frequently Asked Questions about Muslim Foundation Inc
What does Muslim Foundation Inc do?
Muslim Foundation Inc is a nonprofit organization in the Unknown sector, located in Somerset, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Muslim Foundation Inc have?
Muslim Foundation Inc reported total revenue of $2,222,033. Based on 14 IRS 990 filings on record.
What are Muslim Foundation Inc's total assets?
Muslim Foundation Inc holds total assets of $14,028,036 as reported in IRS 990 filings.
Where is Muslim Foundation Inc located?
Muslim Foundation Inc is based in Somerset, New Jersey.
What is Muslim Foundation Inc's EIN?
Muslim Foundation Inc's Employer Identification Number (EIN) is 222413703. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Muslim Foundation Inc?
Muslim Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Muslim Foundation Inc a registered 501(c)(3)?
Muslim Foundation Inc appears in IRS records (EIN: 222413703). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Muslim Foundation Inc file IRS Form 990?
Yes, Muslim Foundation Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Muslim Foundation Inc's revenue in 2023?
In the 202312 filing period, Muslim Foundation Inc reported total revenue of $2,504,911, total expenses of $1,571,296, and net assets of $12,839,041.
Is Muslim Foundation Inc's revenue growing or declining?
Muslim Foundation Inc's revenue is growing. Revenue went from $1,711,494 (202212) to $2,504,911 (202312), a +46.4% change. Based on 14 filings on record.
What is Muslim Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Muslim Foundation Inc covers tax period 202312. It shows revenue of $2,504,911, expenses of $1,571,296, total assets of $12,839,041, and liabilities of $3,041,114.
How much does Muslim Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Muslim Foundation Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Muslim Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Muslim Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Muslim Foundation Inc?
The following concerns were identified: Lack of detailed program descriptions and impact reporting on their website or in public filings.. Absence of executive compensation details in available financial data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Muslim Foundation Inc's strengths?
Positive indicators for Muslim Foundation Inc include: Consistent revenue growth over the past several years, from $1,088,518 in 2016 to $2,504,911 in 2023.. Significant asset growth, increasing from $6,652,749 in 2016 to $12,839,041 in 2023, indicating strong financial health.. Low liability-to-asset ratio, suggesting good financial management and stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Muslim Foundation Inc compensate executives?
Executive compensation information is not disclosed in the provided filings, preventing an assessment of its reasonableness relative to the organization's revenue and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial asset growth, how does Muslim Foundation Inc plan to leverage these assets to expand its mission-related programs and impact?
Without specific program details, it's unclear how the growing asset base is directly translating into expanded or new mission-aligned initiatives. Further information on strategic asset utilization would be beneficial.
What specific programs or initiatives are supported by the organization's revenue, and what are the measurable outcomes of these programs?
The provided data lacks specific program details. To fully understand the organization's impact, a breakdown of programs and their respective outcomes is needed beyond general financial figures.
Filing History
IRS 990 filing history for Muslim Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Muslim Foundation Inc's revenue has grown by 260.4%, moving from $695K to $2.5M. Total assets increased by 72.5% over the same period, from $7.4M to $12.8M. Total functional expenses rose by 340.1%, from $357K to $1.6M. In its most recent filing year (2023), Muslim Foundation Inc reported a surplus of $934K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $12.8M in assets (debt-to-asset ratio: 23.7%), resulting in net assets of $9.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $1.6M | $12.8M | $3.0M | — | — |
| 2022 | $1.7M | $1.3M | $12.4M | $3.5M | — | View 990 |
| 2021 | $1.3M | $817K | $11.3M | $2.9M | — | View 990 |
| 2020 | $1.3M | $810K | $9.0M | $1.1M | — | View 990 |
| 2019 | $1.5M | $891K | $8.5M | $1.1M | — | View 990 |
| 2018 | $1.3M | $1.1M | $8.0M | $1.2M | — | View 990 |
| 2017 | $1.2M | $762K | $6.8M | $219K | — | View 990 |
| 2016 | $1.1M | $749K | $6.7M | $496K | — | View 990 |
| 2015 | $2.1M | $813K | $6.8M | $935K | — | View 990 |
| 2014 | $1.6M | $797K | $6.8M | $2.4M | — | View 990 |
| 2013 | $932K | $795K | $7.1M | $3.5M | — | View 990 |
| 2012 | $839K | $768K | $7.2M | $3.7M | — | View 990 |
| 2011 | $1.2M | $690K | $7.4M | $4.0M | — | View 990 |
| 2010 | $695K | $357K | $7.4M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $1.6M, and assets of $12.8M (revenue +46.4% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.3M, and assets of $12.4M (revenue +28.9% year-over-year).
- 2021: Revenue of $1.3M, expenses of $817K, and assets of $11.3M (revenue -0.3% year-over-year).
- 2020: Revenue of $1.3M, expenses of $810K, and assets of $9.0M (revenue -13.6% year-over-year).
- 2019: Revenue of $1.5M, expenses of $891K, and assets of $8.5M (revenue +21.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.1M, and assets of $8.0M (revenue +6.0% year-over-year).
- 2017: Revenue of $1.2M, expenses of $762K, and assets of $6.8M (revenue +10.1% year-over-year).
- 2016: Revenue of $1.1M, expenses of $749K, and assets of $6.7M (revenue -49.3% year-over-year).
- 2015: Revenue of $2.1M, expenses of $813K, and assets of $6.8M (revenue +31.5% year-over-year).
- 2014: Revenue of $1.6M, expenses of $797K, and assets of $6.8M (revenue +75.1% year-over-year).
- 2013: Revenue of $932K, expenses of $795K, and assets of $7.1M (revenue +11.1% year-over-year).
- 2012: Revenue of $839K, expenses of $768K, and assets of $7.2M (revenue -28.9% year-over-year).
- 2011: Revenue of $1.2M, expenses of $690K, and assets of $7.4M (revenue +69.6% year-over-year).
- 2010: Revenue of $695K, expenses of $357K, and assets of $7.4M.
Data Sources and Methodology
This transparency report for Muslim Foundation 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.