The Quran Institute Of America
The Quran Institute Of America shows consistent revenue growth and no reported executive compensation over the past decade.
EIN: 203293913 · Detroit, MI · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.9M |
| Program Spending | 90% |
| Net Assets | $1.7M |
| Transparency Score | 92/100 |
Is The Quran Institute Of America Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Quran Institute Of America directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Quran Institute Of America
The Quran Institute Of America (EIN: 203293913) is a nonprofit organization based in Detroit, MI, classified under NTEE code B90. The organization reported total revenue of $2.4M and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Quran Institute Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Quran Institute Of America is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-17,940 |
| Total Assets | $2.2M |
| Total Liabilities | $500K |
| Net Assets | $1.7M |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 22.6% |
| Months of Reserves | 13.6 months |
Financial Health Grade: B
In 2023, The Quran Institute Of America reported a deficit of $18K with expenses exceeding revenue, holds 13.6 months of operating reserves (strong position), has a debt-to-asset ratio of 22.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), The Quran Institute Of America's revenue has grown at a compound annual growth rate (CAGR) of 8.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.9% | +17.2% | +17.0% |
| 2022 | +48.5% | +48.8% | -1.7% |
| 2021 | +72.8% | +48.8% | -3.5% |
| 2020 | -44.3% | -34.8% | -5.4% |
| 2019 | +11.4% | +10.1% | +1.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Quran Institute Of America with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, The Quran Institute Of America allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to executives, which is highly unusual for an organization of this size and revenue.
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 The Quran Institute Of America's IRS 990 filings:
- Expenses slightly exceeded revenue in the 202312 period ($1,947,693 vs $1,929,753), though this is not a consistent trend.
Strengths
The following positive indicators were identified for The Quran Institute Of America:
- Consistent revenue growth over the past decade, indicating strong donor support and financial health.
- No reported officer compensation across all filings, suggesting high efficiency and dedication of funds to programs.
- Healthy asset base ($2,937,126 latest) with manageable liabilities, indicating strong financial management.
- Consistent filing of IRS 990s over 13 periods, demonstrating good transparency.
- Assets have consistently exceeded liabilities by a significant margin, indicating strong solvency.
Frequently Asked Questions about The Quran Institute Of America
Is The Quran Institute Of America a legitimate charity?
Based on AI analysis of IRS 990 filings, The Quran Institute Of America (EIN: 203293913) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does The Quran Institute Of America spend its money?
The Quran Institute Of America directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Quran Institute Of America tax-deductible?
The Quran Institute Of America is registered as a tax-exempt nonprofit (EIN: 203293913). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The Quran Institute Of America's spending goes to programs?
The Quran Institute Of America directs 90% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Quran Institute Of America compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), The Quran Institute Of America is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Quran Institute Of America located?
The Quran Institute Of America is headquartered in Detroit, Michigan and files with the IRS under EIN 203293913. It is classified under NTEE code B90.
How many years of IRS 990 filings does The Quran Institute Of America have?
The Quran Institute Of America has 13 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 $2.4M in total revenue.
Is The Quran Institute Of America financially stable?
Yes, the organization demonstrates strong financial stability with consistent revenue growth from $861,747 in 2014 to $1,929,753 in 2023, and growing assets from $2,222,341 to $2,207,328 over the same period, with liabilities remaining manageable.
How does The Quran Institute Of America manage executive compensation?
The Quran Institute Of America reports 0% officer compensation in all available IRS 990 filings, meaning no salaries are paid to its executives, which is a significant indicator of resource allocation towards its mission.
Has The Quran Institute Of America's revenue been growing?
Yes, the organization has shown significant revenue growth, increasing from $881,028 in 2015 to $1,929,753 in 2023, with a peak of $2,372,177 in the latest reported revenue.
Filing History
IRS 990 filing history for The Quran Institute Of America showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Quran Institute Of America's revenue has grown by 157.9%, moving from $748K to $1.9M. Total assets increased by 80.8% over the same period, from $1.2M to $2.2M. Total functional expenses rose by 219.2%, from $610K to $1.9M. In its most recent filing year (2023), The Quran Institute Of America reported a deficit of $18K, with expenses exceeding revenue. The organization holds $500K in liabilities against $2.2M in assets (debt-to-asset ratio: 22.6%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.9M | $2.2M | $500K | — | — |
| 2022 | $1.7M | $1.7M | $1.9M | $139K | — | View 990 |
| 2021 | $1.1M | $1.1M | $1.9M | $193K | — | View 990 |
| 2020 | $655K | $751K | $2.0M | $268K | — | View 990 |
| 2019 | $1.2M | $1.2M | $2.1M | $206K | — | View 990 |
| 2018 | $1.1M | $1.0M | $2.1M | $282K | — | View 990 |
| 2017 | $918K | $1.1M | $2.1M | $293K | — | View 990 |
| 2016 | $959K | $893K | $2.4M | $216K | — | View 990 |
| 2015 | $881K | $811K | $2.2M | $187K | — | View 990 |
| 2014 | $990K | $862K | $2.2M | $310K | — | View 990 |
| 2013 | $914K | $542K | $1.9M | $184K | — | View 990 |
| 2012 | $772K | $572K | $1.4M | $88K | — | View 990 |
| 2011 | $748K | $610K | $1.2M | $90K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.9M, and assets of $2.2M (revenue +14.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $1.9M (revenue +48.5% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $1.9M (revenue +72.8% year-over-year).
- 2020: Revenue of $655K, expenses of $751K, and assets of $2.0M (revenue -44.3% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $2.1M (revenue +11.4% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.0M, and assets of $2.1M (revenue +15.0% year-over-year).
- 2017: Revenue of $918K, expenses of $1.1M, and assets of $2.1M (revenue -4.3% year-over-year).
- 2016: Revenue of $959K, expenses of $893K, and assets of $2.4M (revenue +8.9% year-over-year).
- 2015: Revenue of $881K, expenses of $811K, and assets of $2.2M (revenue -11.0% year-over-year).
- 2014: Revenue of $990K, expenses of $862K, and assets of $2.2M (revenue +8.3% year-over-year).
- 2013: Revenue of $914K, expenses of $542K, and assets of $1.9M (revenue +18.4% year-over-year).
- 2012: Revenue of $772K, expenses of $572K, and assets of $1.4M (revenue +3.2% year-over-year).
- 2011: Revenue of $748K, expenses of $610K, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Quran Institute Of America:
Data Sources and Methodology
This transparency report for The Quran Institute Of America 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.