IKRAM -THE ARAB CHARITY FOUNDATION… - Form 990 Financial Data

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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

2022

Legal Domicile

Principal Officer

REDA MAZEN RIDA SABASSI

Phone

5034424607

Tax Period

2024-01-01 to 2024-12-31

IKRAM -THE ARAB CHARITY FOUNDATION INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $639K in total revenue in fiscal year 2024. Revenue surged 6286% from the prior year, signaling strong growth momentum.

Mission

IN 2024 THE ORGANIZATION FOCUSED EFFORTS ON PROVIDING EMERGENCY HUMANITARIAN RELIEF TO DISPLACED FAMILIES AND REFUGEES IN GAZA, PROVIDING DIRECT AID IN THE FORM OF FOOD, MEDICAL ASSISTANCE, SHELTER,, AND COMMUNITY REBUILDING

Program Service Accomplishments

Program 1

THE ORGANIZATION SUCCESSFULLY DISTRIBUTED APPROXIMATELY $140,000 DIRECTLY TO VETTED BENEFICIARIES AND PARTNER AID CHANNELS IN GAZA. AFTER THIS INITIAL DISTRIBUTION, THE REMAINING FUNDS WERE PLACED...

THE ORGANIZATION SUCCESSFULLY DISTRIBUTED APPROXIMATELY $140,000 DIRECTLY TO VETTED BENEFICIARIES AND PARTNER AID CHANNELS IN GAZA. AFTER THIS INITIAL DISTRIBUTION, THE REMAINING FUNDS WERE PLACED UNDER FEDERAL SEIZURE DUE TO AN ONGOING FBI INVESTIGATION UNRELATED TO THE ORGANIZATION'S CHARITABLE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $638,627

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $638,627

Expense Breakdown

Grants Paid $140,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $498,627

TOTAL EXPENSES $638,627

Year-over-Year Comparison

	2024	2023	Change
Revenue	$638,627	$10,000	+62.9%
Expenses	$638,627	$9,000	+70.0%
Net Income	$0	$1,000	-1.0%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REDA MAZEN RIDA SABASSI	EXECUTIVE DIRECTOR	5.00	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	$638,627	$638,627	No data	No data

IKRAM -THE ARAB CHARITY FOUNDATION INC