Institute Of Quran Memorization Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 145,935 | 146,392 | −457 | 0.5 | — |
| 2019 | 125,152 | 130,698 | −5,546 | 0.1 | — |
| 2020 | 124,017 | 124,365 | −348 | 0.0 | — |
| 2021 | 123,712 | 121,081 | 2,631 | 0.3 | — |
| 2022 | 95,652 | 93,097 | 2,555 | 0.7 | — |
| 2023 | 114,951 | 106,378 | 8,573 | 1.6 | — |
In its most recent public year (2023), this organization brought in $8,573 more than it spent. Its reserves stood at about 1.6 months of spending, up from 0.5 in 2018.
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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