Downtown Islamic Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 587,794 | 346,802 | 240,992 | 167.5 | 27% |
| 2021 | 742,878 | 337,201 | 405,677 | 186.7 | 27% |
| 2022 | 394,358 | 279,716 | 114,642 | 200.1 | 30% |
| 2023 | 497,141 | 458,670 | 38,471 | 137.9 | 20% |
In its most recent public year (2023), this organization brought in $38,471 more than it spent. Its reserves stood at about 137.9 months of spending, down from 167.5 in 2020. Staff pay was 20% of spending. $104,812 of its net assets are donor-restricted.
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
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