ISLAMIC ACADEMY OF BURLINGTON COUNTY

EIN: 263307580 501(c)(3) Education

Burlington, NJ

Total Revenue
$1,298,830
Total Expenses
$999,179
Total Assets
$2,615,121
Net Assets
$2,615,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NJ
Principal Officer
Muhammad Zaki
Phone
6095312206
Tax Period
2023-07-01 to 2024-06-30

ISLAMIC ACADEMY OF BURLINGTON COUNTY, founded in 2008, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $300K, a strong 23% operating margin.

Mission

1. IABC, Inc. is organized exclusively for charitable, religious, educational, and scientific purposes, including, for such purposes, the making of distributions to organizations under Section 501(c)(3) of the Internal Revenue code (or the corresponding section of any further Federal tax code.) 2. The purpose for which this corporation is organized is to operate a school to provide school-age individuals with an atmosphere as close to the Islamic ideal as possible, in which these individuals can grow and learn as whole individuals, intellectually, spiritually, and physically. To offer academic excellence so that school-age individuals can be prepared to take an active and dominant role in the world in which they live. To enable school-age individuals to enhance their understanding of the Qur'an and Sunnah through relevant instruction in English/Arabic.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $337,982
Program Service Revenue $960,848
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,298,830

Expense Breakdown

Grants Paid $0
Salaries & Benefits $775,155
Fundraising Expenses $0
Program Expenses $999,179
Other Expenses $220,839
TOTAL EXPENSES $999,179

Year-over-Year Comparison

2023 2022 Change
Revenue $1,298,830 $1,121,716 +0.2%
Expenses $999,179 $757,505 +0.3%
Net Income $299,651 $364,211 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
N/A
Employees
36
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$110,000
Total Directors
4
$110,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Muhammad Naqiuddin Zaki Executive Director/President 50
Officer Director
$64,000 $0 $64,000
Humza Zaki Secretary/Trustee 60
Officer Director
$26,000 $0 $26,000
Jabed Uddin Treasurer/Trustee 16
Officer Director
$20,000 $0 $20,000
Fahad Haq Trustee 0
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,298,830 $999,179 $2,615,121 $299,651
2023 $1,121,716 $757,505 $2,325,752 $364,211
2022 $661,121 $540,737 $1,945,640 $120,384
2021 $475,403 $469,020 $1,825,782 $6,383
2020 $640,383 $515,179 $1,828,486 $125,204
2019 $663,112 $502,491 $1,714,412 $160,621
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