ISLAMIC ACADEMY OF SOUTH JERSEY INC

EIN: 465763136 501(c)(3) Education

Egg Harbor Township, NJ

Total Revenue
$432,355
Total Expenses
$464,823
Total Assets
$63,598
Net Assets
$63,598
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NJ
Phone
6093693690
Tax Period
2024-01-01 to 2024-12-31

ISLAMIC ACADEMY OF SOUTH JERSEY INC, founded in 2014, is a small nonprofit in the Education sector that reported $432K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

TO EDUCATE THE THE YOUNG GENERATION ABOUT THE FUNTAMENTAL OF MUSLIM CULTURES AND RULES

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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 $432,355
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $432,355

Expense Breakdown

Grants Paid $0
Salaries & Benefits $325,031
Fundraising Expenses $0
Program Expenses $464,823
Other Expenses $139,792
TOTAL EXPENSES $464,823

Year-over-Year Comparison

2024 2023 Change
Revenue $432,355 $458,465 -0.1%
Expenses $464,823 $466,541 0.0%
Net Income $-32,468 $-8,076 +3.0%
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
20
Volunteers
4

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
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAGDY MUHAMED PRESIDENT 35.00
Officer 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
2024 $432,355 $464,823 $63,598 $-32,468
2023 $458,465 $466,541 $96,066 $-8,076
2022 $394,715 $365,984 $115,371 $28,731
2021 $328,100 $277,096 $89,142 $51,004
2020 $243,141 $242,300 $48,782 $841
2019 $267,979 $258,235 $49,725 $9,744
2018 $265,641 $257,875 $27,553 $7,766
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