Almustaqbal Foundation Inc

EIN: 452578462 501(c)(3) Education

Buffalo, NY

Total Revenue
$621,955
Total Expenses
$456,459
Total Assets
$593,384
Net Assets
$593,384
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Principal Officer
Anwar Al-Kalai
Phone
7162222040
Tax Period
2024-08-01 to 2025-07-31

Almustaqbal Foundation Inc, founded in 2010, is a small nonprofit in the Education sector that reported $622K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 27% operating margin.

Mission

Provide and support Islamic education. The organization has programs, activities and homeschooling for local students and provides support to the Al-Rasheed Academy.

Program Service Accomplishments

Program 1
Expenses: $431,567 Revenue: $621,955

Provide support to the Al-Rasheed Academy and Mosque expansion

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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 (2024)

Revenue Breakdown

Contributions & Grants $621,955
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $621,955

Expense Breakdown

Grants Paid $373,261
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $431,567
Other Expenses $83,198
TOTAL EXPENSES $456,459

Year-over-Year Comparison

2024 2023 Change
Revenue $621,955 $457,425 +0.4%
Expenses $456,459 $1,104,770 -0.6%
Net Income $165,496 $-647,345 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anwar Al-Kalai Chairman 10.00
Officer
$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 $621,955 $456,459 $593,384 $165,496
2024 $457,425 $1,104,770 $427,888 $-647,345
2023 $567,062 $1,256,544 $1,075,233 $-689,482
2022 $1,246,117 $1,039,724 $1,764,715 $206,393
2021 $1,564,813 $871,527 $1,558,322 $693,286
2020 $1,440,793 $650,958 $865,036 $789,835
2019 $12,501 $12,727 $75,201 $-226
2018 $43,303 $44,551 $75,427 $-1,248
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