Baitulmaal INC

Tax-deductible

Irving, TX501(c)(3)Since 2004InternationalEIN 20-0942434

Baitulmaal, INC. Institutes compassionate projects worldwide to improve the lives of disaster victims, underprivileged children, the sick, elderly, widows, orphans and needy families regardless of race, nationality or religion. Our activities are based on principles of islamic teachings, which stress the dignity and sanctity of human life. Baitulmaal's goal is to restore dignity and instil hope in communities hit hard by poverty and disaster.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 15 volunteers and 15 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $2.0M a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$142K
to officers and key staff · 0.2% of spending
Top officer’s pay lower than 85% of similar orgs
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $18K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$77.4M
+40% vs prior year
Spent
$72.8M
To programs
92%
Net assets
$13.4M
By yearFY2019–FY2024
Revenue
$77.4M
FY2024▲ +40%
Revenue by fiscal year
FY2019$6.3M
FY2020$14.3M
FY2021$33.2M
FY2022$36.9M
FY2023$55.2M
FY2024$77.4M
Expenses
$72.8M
FY2024▲ +53%
Expenses by fiscal year
FY2019$6.2M
FY2020$14.3M
FY2021$32.0M
FY2022$38.3M
FY2023$47.6M
FY2024$72.8M
Net assets
$13.4M
FY2024▲ +53%
Net assets by fiscal year
FY2019$996K
FY2020$1.0M
FY2021$2.8M
FY2022$1.1M
FY2023$8.7M
FY2024$13.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $66.9M Management & general 3% · $2.3M Fundraising 3% · $2.3M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

6 people listed on the 990; $142K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$142,013Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mazen M Mokhtar’s $142K as Chief Executive Officer is at the 15th percentile of top reported officer pay among 345 $10–100M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2019
Mazen M Mokhtar$142,013$99,220$113,973$123,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Baitulmaal INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves lives worldwide for disaster victims and the needy through compassionate projects.

Provided by the organization

This section is blank until Baitulmaal INC claims this page.

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1 program service account for $66.9M of program spending, described in the organization's own filed words · FY2024.
01

See schedule o

$66.9Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$18K
Grants paid · 21 grants · $1.2M · 2019–2021
Islamic Center of WheatonFY2021$133,450
Islamic Center of WheatonFY2021$133,450
Islamic Center of WheatonFY2021$133,450
Globous Relief FundUT · FY2020$316,340
Pure Hand for Mankind INCTX · FY2020$113,510
Islamic Women AssociationFY2020$64,728
Med GlobalFY2020$31,030
Islamic Medical Assoc of NAFY2020$11,353
Jabalu Nur Foundation INCTX · FY2020$7,500
UpliftFY2020$6,000
HimiloFY2019$55,682
Islamic HelpFY2019$20,312
Muslim Aid LondonFY2019$14,964
Globous Relief FundUT · FY2019$13,750
Penny Appeal USA INCVA · FY2019$11,500
Dawah-La JaraFY2019$8,000
See all 21 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$77.4M
Ln 12
Gifts and grantsLn 1h$75.1M
Other incomeLn 4–11$1.3M
Investment incomeLn 3$1.0M
Money outPt IX
$72.8M
Ln 25
Programscol B$66.9M
Managementcol C$2.3M
Fundraisingcol D$2.3M
Owns and owesPt X
$13.4M
net assets · Ln 32
Cash and savingsLn 1–2$12.5M
Total assetsLn 16$15.1M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$75.1M
Noncash giftsLn 1g$52.4M
Investment incomeLn 3$1.0M
Other incomeLn 4–11$1.3M
Gains on assetsLn 7$983K
Total revenueLn 12$77.4M
Assets in detailPt X, end of year
CashLn 1$12.5M
Cash and savings togetherLn 1–2$12.5M
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$47K
Total assetsLn 16$15.1M
LiabilitiesLn 26$1.8M
Net assetsLn 32$13.4M
OperationsPt I, VI
EmployeesI 515
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$8.2M$12.5M
Land, buildings, equipmentLn 10c$0$1.8M
Total assetsLn 16$9.5M$15.1M
LiabilitiesLn 26$767K$1.8M
Net assetsLn 32$8.7M$13.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$142K$89K$21K$32K
Other salaries and wagesLn 7$2.6M$1.7M$381K$597K
Other employee benefitsLn 9$446K$311K$74K$60K
Payroll taxesLn 10$263K$164K$39K$59K
Other fees for servicesLn 11g$1.6M$497K$599K$501K
Advertising and promotionLn 12$1.1M$410K$48K$599K
Office expensesLn 13$289K$91K$126K$73K
Information technologyLn 14$80K$11K$61K$8K
OccupancyLn 16$118K$40K$77K$907
TravelLn 17$359K$138K$138K$84K
Conferences, conventions and meetingsLn 19$476K$146K$190K$140K
Other expenses (24a–d)Ln 24$64.0M$63.3M$481K$183K
All other expensesLn 24e$28K$210$28K
Total functional expensesLn 25$71.5M$66.9M$2.3M$2.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $77.4M$72.8M$4.6M$13.4M 990 PDF
FY2023 $55.2M$47.6M$7.6M$8.7M 990 PDF
FY2022 $36.9M$38.3M−$1.5M$1.1M 990 PDF
FY2021 $33.2M$32.0M$1.2M$2.8M 990 PDF
FY2020 $14.3M$14.3M$319$1.0M 990 PDF
FY2019 $6.3M$6.2M$92K$996K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $76,144,403 across 6 lines filed
VIII-1f All other contributions, gifts and grants$75,110,002
VIII-1g Noncash contributions (included above)$52,365,889
VIII-1h Total contributions, gifts and grants$75,110,002
VIII-3 Investment incomeExcluded from tax $51,296$51,296
VIII-7 Net gain or loss on sales of assetsExcluded from tax $983,105$983,105
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,034,401$76,144,403
Part IX · Statement of functional expenses $71,493,881 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $89,286 · Management $20,554 · Fundraising $32,173$142,013
IX-7 Other salaries and wagesPrograms $1,655,960 · Management $381,204 · Fundraising $596,701$2,633,865
IX-9 Other employee benefitsPrograms $311,443 · Management $74,341 · Fundraising $60,049$445,833
IX-10 Payroll taxesPrograms $164,114 · Management $39,387 · Fundraising $59,081$262,582
IX-11g Other fees for servicesPrograms $496,552 · Management $599,379 · Fundraising $500,570$1,596,501
IX-12 Advertising and promotionPrograms $410,083 · Management $48,034 · Fundraising $598,735$1,056,852
IX-13 Office expensesPrograms $90,563 · Management $126,066 · Fundraising $72,515$289,144
IX-14 Information technologyPrograms $10,879 · Management $61,367 · Fundraising $7,814$80,060
IX-16 OccupancyPrograms $40,461 · Management $76,755 · Fundraising $907$118,123
IX-17 TravelPrograms $137,753 · Management $138,044 · Fundraising $83,590$359,387
IX-19 Conferences, conventions and meetingsPrograms $145,813 · Management $190,264 · Fundraising $139,729$475,806
IX-24 Other expenses (24a–d)Programs $63,341,746 · Management $480,521 · Fundraising $183,015$64,005,282
IX-24e All other expensesPrograms $210 · Management $28,223$28,433
IX-25 Total functional expensesPrograms $66,894,863 · Management $2,264,139 · Fundraising $2,334,879$71,493,881
Part X · Balance sheet $15,122,789 assets, 13 lines filed
Asset lines not itemized here account for $383,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $8,236,496$12,471,737
X-3 Pledges and grants receivableStart of year $240,216$417,231
X-9 Prepaid expenses and deferred chargesStart of year $3,516$3,516
X-10c Land, buildings and equipment, netStart of year $0$1,800,000
X-15 Other assetsStart of year $173,920$47,305
X-16 Total assetsStart of year $9,486,225$15,122,789
X-17 Accounts payable and accrued expensesStart of year $686,408$1,741,187
X-25 Other liabilitiesStart of year $80,302$11,565
X-26 Total liabilitiesStart of year $766,710$1,752,752
X-27 Net assets without donor restrictionsStart of year $3,526,983$10,620,007
X-28 Net assets with donor restrictionsStart of year $5,192,532$2,750,030
X-32 Total net assets or fund balancesStart of year $8,719,515$13,370,037
X-33 Total liabilities and net assetsStart of year $9,486,225$15,122,789
Part XI · Reconciliation of net assets $13,370,037 net assets at year end
XI-1 Total revenue$76,144,403
XI-2 Total expenses$71,493,881
XI-3 Revenue less expenses$4,650,522
XI-4 Net assets at start of year$8,719,515
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,370,037

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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