Tajweed Academy Foundation Inc
EIN: 862175396 · Old Bridge, NJ · NTEE: X40
| Metric | Value |
|---|---|
| Total Revenue | $226K |
| Total Expenses | $52K |
| Net Assets | $168K |
Is Tajweed Academy Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Tajweed Academy Foundation Inc
Tajweed Academy Foundation Inc (EIN: 862175396) is a nonprofit organization based in Old Bridge, NJ, classified under NTEE code X40. The organization reported total revenue of $226K and total assets of $343K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Tajweed Academy Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Tajweed Academy Foundation Inc is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 11.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $89K |
| Total Expenses | $52K |
| Surplus / Deficit | +$37K |
| Total Assets | $175K |
| Total Liabilities | $7K |
| Net Assets | $168K |
| Operating Margin | 41.2% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 40.0 months |
Financial Health Grade: A
In 2023, Tajweed Academy Foundation Inc reported a surplus of $37K with revenue exceeding expenses, holds 40.0 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 3 years of filings (2021–2023), Tajweed Academy Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.2% | +38.7% | +32.3% |
| 2022 | +42.4% | +206.6% | +119.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Tajweed Academy Foundation 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 Tajweed Academy Foundation 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 $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Frequently Asked Questions about Tajweed Academy Foundation Inc
Is Tajweed Academy Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Tajweed Academy Foundation Inc (EIN: 862175396) insufficient data. 0 red flags identified, 0 strengths noted.
How does Tajweed Academy Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for Tajweed Academy Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to Tajweed Academy Foundation Inc tax-deductible?
Tajweed Academy Foundation Inc is registered as a tax-exempt nonprofit (EIN: 862175396). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Tajweed Academy Foundation Inc located?
Tajweed Academy Foundation Inc is headquartered in Old Bridge, New Jersey and files with the IRS under EIN 862175396. It is classified under NTEE code X40.
How many years of IRS 990 filings does Tajweed Academy Foundation Inc have?
Tajweed Academy Foundation 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 $226K in total revenue.
Filing History
IRS 990 filing history for Tajweed Academy Foundation Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Tajweed Academy Foundation Inc's revenue has grown by 23.7%, moving from $72K to $89K. Total assets increased by 190.9% over the same period, from $60K to $175K. Total functional expenses rose by 325.2%, from $12K to $52K. In its most recent filing year (2023), Tajweed Academy Foundation Inc reported a surplus of $37K, with revenue exceeding expenses. The organization holds $7K in liabilities against $175K in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $168K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $89K | $52K | $175K | $7K | — | — |
| 2022 | $103K | $38K | $132K | $810 | — | View 990 |
| 2021 | $72K | $12K | $60K | $330 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $89K, expenses of $52K, and assets of $175K (revenue -13.2% year-over-year).
- 2022: Revenue of $103K, expenses of $38K, and assets of $132K (revenue +42.4% year-over-year).
- 2021: Revenue of $72K, expenses of $12K, and assets of $60K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Tajweed Academy Foundation Inc:
Data Sources and Methodology
This transparency report for Tajweed Academy 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.