Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
| FY2020 | $11.9M |
|---|---|
| FY2021 | $17.7M |
| FY2022 | $15.5M |
| FY2023 | $15.3M |
| FY2024 | $17.7M |
| FY2020 | $54K |
|---|---|
| FY2021 | $24K |
| FY2022 | $2.2M |
| FY2023 | $33K |
| FY2024 | $5K |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Overhead ratio | 0% | — | — |
| Fundraising cost ratio | 62% | — | — |
| Revenue growth | 306% | — | — |
| Investment management fee ratio | 0.6% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Leadership and pay
Officers, Directors & Key Employees
Ashar Akhtar’s $31K as General Counsel is at the 4th percentile of top reported officer pay among 1168 $1–10M 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Faisal Khan | — | $94,138 | $212,099 | $110,401 | $115,188 |
| Ashar Akhtar | $31,200 | $31,200 | $31,200 | $31,800 | — |
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.
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Governance & Policies
Mission and programs
Builds a capital pool to ensure long-term funding and achieve charitable goals.
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Where the work happens
Irusa waqf is meant to act as an endowment fund to support the charitable activities of islamic relief usa, a 501(c)(3) organization and to serve as a vehicle for donors to be able to donate assets that will generate revenue that will fund the charitable mission of islamic relief usa.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2024 Latest | $2.4M | $147K | +26% | 990 PDF |
| FY2023 Viewing | $1.9M | $466K | +306% | 990 PDF |
| FY2022 | $-929K | $629K | -125% | 990 PDF |
| FY2021 | $3.7M | $519K | +106% | 990 PDF |
| FY2020 | $1.8M | $359K | 990 PDF |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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