2023 Financial Reports
Interactive summaries of ICSP’s 2023 income, sadaqah, and expenses.
Income Breakdown (2023)
Income in 2023 included general donations, support for the Quran school, endowment proceeds, sadaqah & zakat (restricted), and designated building/renovation funds.
- General donations and endowment proceeds are the primary sources that sustain ongoing operations.
- Quran school donations directly support teaching and educational activities.
- Sadaqah & zakat are restricted funds — collected for the needy and not used for payroll, utilities, or maintenance.
- Building/renovation funds are designated for capital projects and may be moved to separate accounts until used.
- Restricted funds (sadaqah/zakat and building/renovation) follow donor intent and do not subsidize routine operations.
- Endowment proceeds support operations while preserving the principal long-term.
- Income spikes can reflect specific campaigns or timing (e.g., Ramadan).
Total Expenses (2023)
Expenses include Quran school (teachers, supplies, program costs), operations (payroll, insurance, utilities), maintenance & janitorial, community events, and a significant capital project related to the student mosque renovation.
- The student mosque renovation was a planned, one-time capital expense that meaningfully increases the total for 2023.
- Operations cover essential services (staffing, insurance, utilities) required to run daily programs and maintain safety.
- Maintenance & janitorial reflect facility upkeep for prayer, classes, and events.
- Sadaqah distributions represent pass-through charity to those in need — they are not administrative overhead.
- No board members are paid. Payroll covers only staff roles (e.g., teachers, admin, janitorial, imam/principal as applicable).
- Capital projects are budgeted separately from operations; comparing a capital year to a non-capital year will naturally show a spike.
- Small admin lines (e.g., bank service charges) are included and documented.
Program-Focused Spending (2023)
Direct community impact by program area: Quran school, sadaqah, events, maintenance & janitorial, operations, and education/seminars — plus the student mosque renovation (capital).
- Quran school remains a top community priority, reflected in teacher support and learning resources.
- Operations combine core, ongoing costs required to keep the center open and safe.
- Maintenance & janitorial ensure a clean, functional space for worship and classes.
- Events (Eid, guest speakers, da‘wah) are intentionally modest and mission-aligned.
- Sadaqah is shown when disbursed, honoring donor-restricted purposes.
- Capital spending (renovation) is separated so it doesn’t get confused with routine operations.
- Program totals are grouped for readability; detailed sub-categories are available in the underlying ledger.
- Restricted inflows (sadaqah/building) are not mixed with operations; they appear only when spent per donor intent.
Income vs. Expenses (2023)
Year-end comparison of total inflows and outflows. A capital project year can show a gap even when operations are on budget.
- A difference between income and expenses this year is driven primarily by the one-time renovation, not by routine overspending.
- Designated funds (building, sadaqah, endowment support) are applied only to their intended purposes.
- A deficit in a capital year reflects investment in facilities that serve the community for years, not a structural problem with operations.
- Operations remain tightly managed; documentation (receipts, payroll, approvals) is kept for all disbursements.
Historical Trend (2015–2023)
Long-term context helps explain single-year spikes: capital projects, seasonal campaigns, and Ramadan giving cycles can all shift a year’s totals.
- One-time projects (like renovations) create visible peaks in expenses relative to adjacent years.
- Income often rises during Ramadan and specific campaigns; that seasonality is normal for community centers.
Notes: Figures reflect ICSP accounting records for calendar year 2023. Minor rounding may occur. For supporting documentation or questions, please contact the ICSP finance team.