Ihsan Standard Listed · Last verified 2026-05-21

Downtown Islamic Center

EIN 363144141 · Chicago, IL · — · masjid

Address231 S STATE ST FL 4, Chicago, IL 60604-1978

https://www.dtislamiccenter.org/ ↗

Mission · 990 Part I
“RELIGIOUS AND CHARITABLE OPERATING AS PLACE OF WORSHIP”

Attestations & audits0 / 12

View what could be earned →

Claim or fix this listing Try the 990 pre-flight ↗

Fiscal year← Directory Sector stats →

Masjid context

Most US masjids are not required to file Form 990

Downtown Islamic Centermay qualify under the IRS “church exemption” that relieves houses of worship from the public Form 990 filing requirement. That makes the ProPublica financial timeline here sparse by design — it is not a transparency failure. The trade-off is that masjids generally have less public transparency than 501(c)(3)s that do file 990s, so our framing for masjid pages is different:

1.Independent audit is the single most important signal.Donation boxes, cash collections, and weekly khutbah envelopes mean money flows that benefit from a third-party audit. We treat a recent audit as the “Gold-tier” signal for masjids — see the Attestations & Audits section below.
2.Ethical supplier stack still applies.Even without 990 filings, the masjid’s public website routes through analytics, payment, and hosting vendors — same lens we apply to every org.
3.Best-practice gaps are coachable, not punitive.Most masjids don’t have access to the CRMs, accounting software, and donor-management tooling that larger 501(c)(3)s use. The Ihsan Standard engagement track is built for exactly this — a cleanup and capacity path, not a gotcha publication.

Most recent filing on fileFY 2023

The IRS Form 990 for FY 2024 is due ~Nov 15 of the year after the fiscal close, followed by 3–6 months of IRS processing and 6–12 months before the cleaned data is published. FY 2024 should begin appearing here around mid-to-late 2025. A gap between today and the latest filing does not mean the org hasn't filed.

Revenue

$497K

Expenses

$459K

Net assets

$5.3M

Months of reserve?

137.9 mo

▸Additional financials & ratios

Top-officer comp

Contributions

$542K

Investment income

$56K

Total assets

$5.3M

Fundraising-cost ratio

0.0%

Total-comp ratio

22.1%

Liquidity (months)

137.9 mo

Investment income / rev

11.2%

Financial context tags · read alongside the org’s mission

extended-reserve position (138 mo of expenses)
Net assets are 10.6× annual revenue

Attestations & Audits

Org-supplied disclosures that have been verified by the Ihsan Standard Editorial Council. Every standard has a Gold tier (★) reached via an Ihsan Standard or accepted third-party audit. An empty section means the org has not yet filled it in — not that they fail the standard.

Completed

0 / 12

0 ★ Gold

Zakat methodology disclosurenot yet attested
Zakāt al-Fitr timeline commitmentnot yet attested
Qurbānī / Udhiya timeline enforcementnot yet attested
Kaffāra fulfillment commitmentnot yet attested
Annual zakat distribution reportnot yet attested
Orphan-fund segregation (Qurʾānic amāna)not yet attested
Restricted-purpose fund segregation (honoring the amāna)not yet attested
Per-donation tracking & fulfillmentnot yet attested
Supplier-stack cleanup plan filednot yet attested
Full supplier-stack audit completednot yet attested
Taʿāwun Procurement Audit — Muslim community vendor pledgenot yet attested
Khulafāʾ al-Arḍ Environmental Stewardship Auditnot yet attested

Filing observations & context

1 indicative

Specific datapoints from Downtown Islamic Center's most recent IRS Form 990 that warrant a closer look. Each item is computed directly from the org's own public filing — we explain what the datapoint is, what it might mean, and the legitimate reasons it could be present. Read these as context, not conclusions.

Elevated reserves relative to annual expenses
indicative
Net assets equal 132.1 months of operating expenses (>18mo threshold).
What this means
Net assets at year-end equal more than 18 months of operating expenses (i.e. the org could run its current programs for over a year and a half without any new revenue).
Why it matters (and what it might not mean)
Many nonprofits — particularly endowments, scholarship funds, and orgs with donor-restricted balances — legitimately hold reserves above 18 months. The flag isn't an accusation; it's a prompt to read the org's reserves policy, which should be public for any org sitting on this much liquidity.
show underlying numbers
```
{
  "net_assets": 5517999,
  "annual_expenses": 501224,
  "months_of_reserve": 132.1
}
```

Where the money went · FY 2023

Form 990 Part IX (Statement of Functional Expenses) split into the four functional buckets, plus automated anomaly detection across the most-asked donor questions.

Expense breakdown · FY 2023

Total $459K

Form 990 Part IX line items we have on file for this filing (compensation totals + fundraising lines). The full functional-expense col-A/B/C/D split (grants, program, admin, fundraising) was not in the structured extract — the residual sits in “Program & operations” below. Reading note: compensation is NOT the same as “admin overhead” — for orgs running clinics (like IMAN’s FQHC), schools, or in-house programs, most of compensation is program work.

% to compensation

22.1%

$102K

% to fundraising

0.0%

% to program & operations

77.9%

$357K

Total expenses

$459K

FY 2023

22%

78%

Compensation & benefits$102K · 22.1%
Form 990 Part IX lines 5–10 — total staff compensation: salaries & wages, payroll taxes, and benefits across everyone the org pays (program, clinical, and support staff), plus any pay to officers, directors, and key employees. The per-person split — including which officers, if any, are paid — is in the Compensation history section below. For orgs running clinics, schools, or in-house programs, most of this is program work, not admin.
Program & operations (other)$357K · 77.9%
Total expenses minus compensation and fundraising — the residual covering program supplies, occupancy & utilities, professional fees, beneficiary services, medical supplies (for clinics), travel, equipment, and depreciation. ProPublica's structured extract did not include the Part IX functional split for this filing year; the breakdown PDF reconciles which specific lines went where.

Fundraising efficacy · not the primary lens for this org

Downtown Islamic Center reports $542K in contributions on only $0 of fundraising spend — a ratio that suggests this org isn't fundraising-driven in the conventional sense. The Form 990 “fundraising expense” line item is meant to capture solicitation costs (telemarketing, direct mail, digital ad spend); for universities, masjids, foundations, and orgs primarily supported by major gifts or program revenue, that line is small or zero, and the resulting “ratio” reads as meaningless.

The right operational-efficiency lens for an org like this is reserves, payroll composition, and program-expense ratio — see the financial-anomalies section and the multi-year trend dashboard.

Year-over-year trends · through FY 2023

Arrow color = direction × good-when-up

Per-metric direction and magnitude vs. the prior fiscal year. Where the data goes back far enough, the 3-year compound annual growth rate is included — useful for separating one-off spikes from sustained trends.

Revenue↑ 26.1% YoY
$497Kprior: $394K
Δ +$103K3y CAGR -5.4%
Total revenue per Form 990 Part I line 12.
Contributions↑ 42.2% YoY
$542Kprior: $381K
Δ +$161K3y CAGR +25.0%
Form 990 Part I line 1h — gifts, grants, and contributions received.
Investment income↓ -11.6% YoY
$56Kprior: $63K
Δ −$7K3y CAGR -50.4%
Form 990 Part VIII line 4 — interest, dividends, and other investment earnings on the org's reserve. For orgs with material reserves, a healthy investment-income trend indicates capital is actually working; near-zero income on a large reserve raises the 'idle capital' question.
Total expenses↑ 64.0% YoY
$459Kprior: $280K
Δ +$179K3y CAGR +9.8%
Form 990 Part I line 18 — total functional expenses.
Total compensation & benefits↑ 13.3% YoY
$102Kprior: $90K
Δ +$12K3y CAGR +3.3%
Officer comp + other salaries + payroll tax — total people-cost of running the org.
Net assets↑ 13.0% YoY
$5.27Mprior: $4.67M
Δ +$604K3y CAGR +2.9%
Form 990 Part X line 33 — assets minus liabilities at year end.
Months of reserve↓ -31.1% YoY
137.9 moprior: 200.1 mo
Δ −62.3 mo3y CAGR -6.3%
Net assets ÷ (annual expenses ÷ 12). The trend matters more than the absolute number: a falling reserve year-over-year is the early warning sign of fragility, even if it's still above the 3-month floor.

Financial context · plain math

Automated checks across Form 990 Part IX and Part VII Section B. We publish the math and the source; we do not adjudicate intent. Many of these have legitimate explanations specific to the org’s mission — read each card’s context note before forming a judgment. The org has full right of reply.

2 context-only

Net assets are 10.6× annual revenue
10.6×Context
$5.27M of net assets against $497K of FY 2023 revenue.
ContextFoundations, endowments, and grant-makers (AMCF, Pillars Fund, etc.) intentionally hold multi-year reserves so they can grant strategically over time. A 5–20× ratio is normal for an endowment-shaped balance sheet. Read this in the context of the org's mission — operating charity vs. foundation — not as a default red flag.
Source: Net assets (Form 990 Part X line 33) ÷ revenue (Part I line 12)
Extended-reserve position: 138 months of expenses
138 moContext
Net assets of $5.27M ÷ monthly expenses of $38K = 138 months of runway.
ContextSome orgs operate deliberately as educational endowments or grant-making foundations where a multi-year reserve is the target, not a warning. The §A6.5 caveat applies: this figure does not distinguish restricted from unrestricted net assets, so it is an upper bound on truly discretionary months.
Source: Net assets ÷ (expenses ÷ 12)

Engagement-track path:if a specific explanation fits the org (new-org ramp, capital campaign, FQHC medical-staff payroll, multi-year grant schedule), the org can sign in, attach the supporting filing detail, and a contextual note will publish alongside the relevant card. The numbers stay — the reader gets the reasoning.

▸

Multi-year history

click to expand

Year	Revenue	Expenses	Net assets	Contributions	Officer/KE comp	Inv. income
2023	$497K	$459K	$5.3M	$542K	$0	$56K
2022	$394K	$280K	$4.7M	$381K	$0	$63K
2021	$743K	$337K	$5.2M	$310K	$0	$462K
2020	$588K	$347K	$4.8M	$278K	$0	$454K
2019	$715K	$429K	$4.6M	$563K	$0	$304K
2018	$606K	$466K	$4.3M	$570K	$0	$219K
2017	$526K	$481K	$4.2M	$613K	$0	$22K
2016	$561K	$403K	$3.9M	$562K	$0	$81K
2015	$489K	$385K	$3.7M	$470K	$0	$52K
2014	$560K	$320K	$3.7M	$507K	$0	$55K
2013	$463K	$251K	$3.4M	$449K	$0	$18K
2012	$412K	$248K	$3.1M	$417K	$0	$2K
2011	$369K	$218K	$2.9M	$371K	$0	$355

Ethical supplier stack — not yet scanned

scan pending

We have not yet run the public-website vendor scan for Downtown Islamic Center. A blank section here is not evidence of a clean supplier stack — it means we don’t have data yet.

Coverage as of today: ~6 / 1,917 cohort orgs scanned. The Ihsan Standard rendered-site scanner is being rolled out across the cohort; the Supplier-Stack Audit (engagement track) covers vendors that don’t appear in public HTML at all (CRM, accounting, ad-tech back-office).

Compensation history

Form 990 Part VII Section A · 2 filings on record

Every officer, director, key employee, and highest-compensated employee with reported pay. Recent year is shown by default — switch tabs for prior years or the unique-people roll-up.

FY 2024: no paid officers reported in this filing (13 unpaid board members on record).

▸

Verticals · detected automatically