PIOUS PROJECTS OF AMERICA

EIN: 471508583 501(c)(3) Philanthropy & Grantmaking

BRIDGEVIEW, IL

Total Revenue
$16,765,960
Total Expenses
$17,042,296
Total Assets
$7,215,581
Net Assets
$7,202,067
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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
IL
Principal Officer
FAHIM AREF
Phone
7089787000
Tax Period
2024-01-01 to 2024-12-31

PIOUS PROJECTS OF AMERICA, founded in 2014, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $16.8M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

PIOUS PROJECTS FOSTERS CHARITABLE GIVING TO NUMEROUS CAUSES THAT FOCUS ON IMPROVING ALL ASPECTS OF LIFE FOR PEOPLE AND COMMUNITIES IN NEED

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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 $16,763,292
Program Service Revenue $0
Investment Income $2,545
Other Revenue $123
TOTAL REVENUE $16,765,960

Expense Breakdown

Grants Paid $16,292,734
Salaries & Benefits $222,069
Fundraising Expenses $51,715
Program Expenses $16,839,996
Other Expenses $527,493
TOTAL EXPENSES $17,042,296

Year-over-Year Comparison

2024 2023 Change
Revenue $16,765,960 $12,302,814 +0.4%
Expenses $17,042,296 $9,252,255 +0.8%
Net Income $-276,336 $3,050,559 -1.1%
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
6
Independent Members
6
Employees
3
Volunteers
2850

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FAHIM AREF PRESIDENT 30.00
Officer Director
$0 $0 $0
MUNEER SHEHADI TREASURER 5.00
Officer Director
$0 $0 $0
IQBAL HUSSAIN VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
KALID BASTE DIRECTOR 5.00
Director
$0 $0 $0
ZAID ABDALLAH DIRECTOR 3.00
Director
$0 $0 $0
BELAL MUHAMMAD DIRECTOR 2.00
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 $16,765,960 $17,042,296 $7,215,581 $-276,336
2023 $12,302,814 $9,252,255 $7,471,827 $3,050,559
2022 $8,176,405 $6,258,993 $4,333,228 $1,917,412
2021 $8,177,090 $7,092,281 $2,395,968 $1,084,809
2020 $5,347,383 $4,994,695 $1,336,566 $352,688
2019 $4,095,009 $3,507,805 $958,496 $587,204
2018 $3,221,531 $3,085,679 $370,761 $135,852
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