DARUL KHAIR QURAAN CENTER INC

EIN: 471547064 501(c)(3) Religion

JERSEY CITY, NJ

Total Revenue
$49,118
Total Expenses
$91,056
Total Assets
$458,303
Net Assets
$458,303
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NJ
Principal Officer
AKHTAR MOAVIA PRESIDENT
Phone
5512085751
Tax Period
2024-01-01 to 2024-12-31

DARUL KHAIR QURAAN CENTER INC, founded in 2014, is a micro nonprofit in the Religion sector that reported $49K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $91K exceeded revenue, resulting in a 85% operating deficit.

Mission

DAILY PRAYERSTEACHING ARABIC LANGUAGE & RESEARCH & STUDY QURANIC SCIENCESALL OTHER RELIGIOUS AND SOCIAL ACTIVITIES

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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 $49,118
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $49,118

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $91,056
TOTAL EXPENSES $91,056

Year-over-Year Comparison

2024 2023 Change
Revenue $49,118 $115,745 -0.6%
Expenses $91,056 $114,361 -0.2%
Net Income $-41,938 $1,384 -31.3%
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
1
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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AKHTAR MOAVIA PRESIDENT 12.00
Officer
$0 $0 $0
MOHAMMAD U LATIF VICE PRESIDENT 10.00
Officer
$0 $0 $0
AMER ALI SECRETARY 10.00
Officer
$0 $0 $0
SHAHZAD HABIB TREASURER 10.00
Officer
$0 $0 $0
SHAIKH DAWOOD MEMEBR 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
2024 $49,118 $91,056 $458,303 $-41,938
2023 $115,745 $114,361 $500,241 $1,384
2022 $91,558 $66,437 $498,857 $25,121
2021 $105,292 $68,828 $473,736 $36,464
2020 $68,417 $70,373 $317,272 $-1,956
2019 $74,471 $60,342 $324,228 $14,129
2018 $62,014 $45,863 $325,099 $16,151
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