Overview
What is Irusa Waqf?
Irusa Waqf is a charitable endowment fund established to support the humanitarian work of Islamic Relief USA, a recognized 501(c)(3) organization. This fund serves as a means for donors to contribute assets that generate income, contributing to the long-term mission of Islamic Relief USA. The sole purpose of Irusa Waqf is to manage these assets and provide revenue to Islamic Relief USA for their charitable activities, including disaster relief, humanitarian aid, development projects, and poverty alleviation programs. Once a sufficient revenue threshold is reached, any excess funds are transferred to Islamic Relief USA for distribution to their beneficiaries. Irusa Waqf plays a crucial role in ensuring the sustainability of Islamic Relief USA's charitable endeavors.
Official website here: www.irusawaqf.org
Is Irusa Waqf legitimate?
Irusa Waqf is a legitimate nonprofit organization registered as a 501(c)(3) entity. Irusa Waqf 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: $223,023
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,406
For more financial information, click here
Official website here: www.irusawaqf.org
What is the mission statement of Irusa Waqf?
Irusa Waqf's mission is to establish a capital pool that ensures the long-term sustainability of Islamic Relief USA and enables the charity in achieving its objectives. This endowment fund serves as a vehicle for donors to contribute assets that generate revenue to fund Islamic Relief USA's charitable mission, which includes emergency response to disasters, humanitarian aid delivery, development projects, vocational education, and poverty alleviation programs. The sole purpose of Irusa Waqf is to manage and distribute the endowment assets to Islamic Relief USA as needed, with excess revenue being transferred for disbursement to its beneficiaries. The goal is to preserve the principal while generating revenue for Islamic Relief USA's programs, reaching a threshold that allows for continued operation according to prudent investment standards.
Official website here: www.irusawaqf.org
Who is the CEO of Irusa Waqf?
Faisal Khan is the Dir. Strategic Partnerships of Irusa Waqf. The CEO's salary of Irusa Waqf is $0 and their total compensation is $235,522.
Official website here: www.irusawaqf.org
What is the revenue of Irusa Waqf?
Irusa Waqf's revenue in 2022 was -$928,827.
Official website here: www.irusawaqf.org
Who are the executives of Irusa Waqf and what are their salaries?
The average compensation at Irusa Waqf during 2022 was $336,429. There is 1 employee and 4 volunteers at Irusa Waqf.
Here are 9 key members and their salaries (Irusa Waqf's CEO's salary is $0 and their total compensation is $235,522):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $193,449
- Other: $42,073
- Compensation: $0
- Related: $157,646
- Other: $37,259
- Compensation: $0
- Related: $176,425
- Other: $32,988
- Compensation: $212,099
- Related: $0
- Other: $17,206
- Compensation: $31,200
- Related: $153,424
- Other: $46,901
Official website here: www.irusawaqf.org
Where can I find the form 990 for Irusa Waqf?
Irusa Waqf's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.irusawaqf.org
Learn more at the official website: www.irusawaqf.org
Mission Statement of Irusa Waqf
Irusa Waqf, a charitable endowment fund, aims to ensure the long-term sustainability of Islamic Relief USA (IRUSA) and support its objectives. The mission of Irusa Waqf is to establish a pool of capital that will continuously fund the charitable activities of IRUSA, a 501(c) (3) organization. The endowment fund serves as a vehicle for donors to fulfill the charitable giving encouraged by Islam, which encourages its followers to make gifts that benefit the community in perpetuity.
Irusa Waqf solicits donations from individuals who wish to contribute assets that will generate revenue to support the charitable mission of IRUSA. The sole purpose of Irusa Waqf is to hold the endowment assets for the benefit of IRUSA, its supported organization. The fund will make gifts, donations, and other transfers from the endowment assets to IRUSA as the Irusa Waqf's board of directors deems appropriate in furtherance of IRUSA's mission.
Irusa Waqf manages the assets intended to preserve the principal and generate revenue for the use of IRUSA in its programs. Once a threshold of revenue is reached that will allow the corpus of the endowment fund to continue in accordance with prudent investment standards, any excess revenue will be transferred to IRUSA for disbursement to its beneficiaries in the form of grants or direct assistance.
In summary, Irusa Waqf is a charitable endowment fund that aims to provide long-term financial support to IRUSA, a humanitarian organization that provides emergency response to natural and man-made disasters, delivers humanitarian aid to civilians, carries out development projects, offers vocational and technical education, and implements micro-loan poverty alleviation programs. The mission of Irusa Waqf is to establish a pool of capital that will ensure the long-term sustainability of IRUSA and enable the charity to achieve its objectives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Irusa Waqf plays a crucial role in providing long-term financial support for the charitable activities of Islamic Relief USA (IRUSA). By establishing a pool of capital, it ensures the sustainability of IRUSA’s mission to deliver humanitarian assistance both domestically and internationally. The endowment fund allows for the management of donations effectively, transforming them into a reliable source of revenue.
This initiative aligns with the Islamic principle of Sadaqah Jaria, encouraging ongoing charitable giving that benefits communities in perpetuity. The funds generated through investments not only preserve the principal but also facilitate meaningful disbursements to target beneficiaries, including those affected by natural and man-made disasters, as well as initiatives focused on water, sanitation, hygiene, and poverty alleviation.
As excess revenue accumulates, Irusa Waqf can allocate substantial assistance to IRUSA, enhancing the organization’s capacity to implement programs and respond to urgent humanitarian needs. In this way, Irusa Waqf significantly amplifies the impact of charitable donations, fostering a cycle of giving that supports the broader mission of aiding vulnerable populations around the world.
This information is meant to be a general summary of Irusa Waqf. 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 2022.
- Investment Income: -$1,144,245
- Gross Receipts: $343,090
Assets and Liabilities:
- Total Assets: $15,482,332
- Total Liabilities: $2,155,439
- Net Assets: $13,326,893
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2014
Phone
(703) 720-7202Principal Officer
Faisal Khan
Main Address
3655 WHEELER AVE, ALEXANDRIA, VA, 22304
Website
www.irusawaqf.orgNTEE Category
Code: Q33 - International
If you are a representative of Irusa Waqf and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.