Overview
What is Furqan Institute?
The Furqan Institute, located at 1200 S LINDEN RD, Flint, MI 48433, is a nonprofit organization dedicated to offering a superior learning experience in the realm of the Holy Quran recitation and memorization. Their primary mission is to promote and provide relief, education, and assistance connected to Qur'anic teaching and charity services. The institute aims to deliver a high-quality education in Qur'anic recitation and memorization, contributing positively to the community by offering relief and assistance when needed.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Furqan Institute has received a Two-Star rating from Charity Navigator, indicating a fair performance in terms of accountability and finance. This score is derived entirely from a robust accountability framework, highlighting the charity's commitment to responsible financial practices. The fiscal year reported is FY2022, and the organization has demonstrated a strong commitment to transparency.
One of the key strengths of the Furqan Institute is its governance structure. It boasts a board comprised entirely of independent members, achieving full marks in both majority independent board members and independent board size. Additionally, the organization has effectively documented board meeting minutes and has no reported material diversion of assets, which enhances its accountability.
On the financial side, the Furqan Institute shows an impressive program expense ratio of 99.65%, indicating that nearly all of its expenditures are directed toward its programs rather than administrative costs. Moreover, it maintains a zero liability to assets ratio, reflecting a solid financial standing. However, the overall Two-Star rating suggests there may still be areas for improvement in other aspects of its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Furqan Institute legitimate?
Furqan Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Furqan Institute submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Furqan Institute?
The Furqan Institute is committed to delivering a superior learning experience in the realm of Qur'anic recitation and memorization. Its mission is to promote relief, assistance, and education in connection with Qur'anic teaching and charity services. The institute strives to enhance the quality of learning in the field of Qur'an recitation and memorization, with a focus on providing aid, assistance, and education in this area.
What is the revenue of Furqan Institute?
Furqan Institute's revenue in 2023 was $11,011.
Who are the executives of Furqan Institute and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Furqan Institute?
Furqan Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Furqan Institute
The Furqan Institute is dedicated to delivering an exceptional learning experience in the realm of Qur'anic recitation and memorization. Their mission encompasses promoting and offering relief, assistance, or education in connection with Qur'anic teaching and charitable services. The primary goal of this organization is to contribute positively to this field, aiming to uplift and educate individuals in the art of Qur'an recitation and memorization.
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Impact
August, 2024
Furqan Institute's impact lies in delivering a high-quality learning experience in the field of recitation and memorization of the Holy Qur'an. The institute's mission is to promote and provide relief, assistance, and education in connection with Qur'anic teaching and charity services. Through its work in Flint, MI, Furqan Institute is making a significant difference in the lives of individuals by facilitating access to Qur'anic education and charitable services.
This information is meant to be a general summary of Furqan Institute. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $11
- Gross Receipts: $11,011
Assets and Liabilities:
- Total Assets: $111,841
- Total Liabilities: $0
- Net Assets: $111,841
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Organization Details
Principal Officer
Haitham Al-Medani
NTEE Category
Code: X40 - Religion related
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