Overview
What is Iqra Academy Of Virginia?
Iqra Academy of Virginia is a nonprofit organization, operating under the name Al Madina School of Richmond, situated in Midlothian, Virginia. With 27 employees, their primary mission is to provide education that aligns with Islamic traditions. They are dedicated to delivering a comprehensive educational experience, ensuring it adheres to the teachings and values of Islam. The academy's location at 10700 Academy Drive allows it to serve the local community, contributing to the educational landscape in the state of Virginia.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Iqra Academy of Virginia has received a solid Three-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 82%. This score reflects the organization’s commitment to transparency and effective management, with a strong emphasis on financial accountability. The rating indicates that the charity is well-structured and operates within sound financial principles.
One of the notable strengths of Iqra Academy is its governance. The organization boasts a fully independent board, with 100% of its board members meeting independence criteria. Additionally, it has a robust audit and oversight committee, ensuring that financial practices are closely monitored and aligned with best practices. The academy also demonstrates a low liabilities-to-assets ratio, suggesting a strong financial footing.
Despite these strengths, the overall rating is based solely on accountability and finance metrics, which means other aspects of the organization, such as program effectiveness or impact, are not evaluated. While the financial indicators are positive, potential donors or stakeholders may want to seek additional information on the outcomes of the programs offered by Iqra Academy.
This AI summary has been generated from information found on Charity Navigator.
Is Iqra Academy Of Virginia legitimate?
Iqra Academy Of Virginia is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iqra Academy Of Virginia 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: $498,625
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What is the mission statement of Iqra Academy Of Virginia?
Iqra Academy of Virginia's mission is centered around providing education in accordance with Islamic traditions. The institution is committed to this goal, striving to impart knowledge in a manner that aligns with the religious beliefs and values of Islam. This mission encompasses the academy's overall activities and is a guiding principle for its educational approach. The academy aims to foster an environment where students can grow academically and spiritually, guided by the principles of Islamic teachings.
Who is the CEO of Iqra Academy Of Virginia?
Amir Saeed is the Chair of Iqra Academy Of Virginia.
What is the revenue of Iqra Academy Of Virginia?
Iqra Academy Of Virginia's revenue in 2022 was $1,199,112.
Who are the executives of Iqra Academy Of Virginia and what are their salaries?
The average compensation at Iqra Academy Of Virginia during 2022 was $18,468. There are 27 employees and 5 volunteers at Iqra Academy Of Virginia.
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Where can I find the form 990 for Iqra Academy Of Virginia?
Iqra Academy Of Virginia's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iqra Academy Of Virginia
Iqra Academy of Virginia is committed to providing education that aligns with Islamic traditions. This mission is at the heart of their operations, aiming to offer a learning environment that is grounded in Islamic values and teachings. By doing so, the academy seeks to instill in its students a strong understanding of their cultural and religious heritage, while also ensuring they receive a well-rounded education. The academy's dedication to this mission reflects its belief in the importance of integrating faith and learning, fostering a sense of identity and purpose in its students.
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Impact
July, 2024
Iqra Academy of Virginia's impact can be seen in the education it provides that is consistent within the Islamic tradition. Through its mission to provide this specialized education, the academy plays a crucial role in nurturing a strong sense of faith and cultural identity in its students. By offering an educational environment that aligns with Islamic values and teachings, Iqra Academy of Virginia helps to enrich the lives of its students and contribute to a more diverse and inclusive society.
This information is meant to be a general summary of Iqra Academy Of Virginia. 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: -$36,542
- Program Service Revenue: $793,247
- Gross Receipts: $1,212,016
Assets and Liabilities:
- Total Assets: $1,005,725
- Total Liabilities: $14,342
- Net Assets: $991,383
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION
Revenue
$747,888
OTHER FEES
Revenue
$45,359
Organization Details
Founding Year
2004
Phone
(804) 330-4888Principal Officer
Amir Saeed
Main Address
10700 ACADEMY DR, MIDLOTHIAN, VA, 23112
NTEE Category
Code: B200 - Education
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