Charlotte Islamic Academy Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 662,407 | 643,902 | 18,505 | 0.4 | 58% |
| 2013 | 917,996 | 825,357 | 92,639 | 4.3 | 59% |
| 2014 | 870,862 | 929,736 | −58,874 | 3.1 | 64% |
| 2015 | 860,629 | 851,867 | 8,762 | 3.5 | 62% |
| 2016 | 887,306 | 929,136 | −41,830 | 2.6 | 62% |
| 2017 | 777,129 | 772,143 | 4,986 | 3.2 | 78% |
| 2018 | 701,817 | 711,307 | −9,490 | 3.4 | 78% |
| 2019 | 617,971 | 741,835 | −123,864 | 1.2 | 79% |
| 2020 | 609,299 | 628,183 | −18,884 | 1.1 | 78% |
| 2021 | 757,696 | 779,176 | −21,480 | 0.5 | 79% |
| 2022 | 973,723 | 936,341 | 37,382 | 0.9 | 75% |
| 2023 | 1,249,093 | 1,348,558 | −99,465 | -0.2 | 59% |
In its most recent public year (2023), this organization spent $99,465 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-0.2 months). Staff pay was 59% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Charlotte Islamic Academy Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works