Nonprofit · EIN 84-3108165
NEW YORK ZAKAT INC
Also known as ZAKAT FUND OF NYC
Tax-exempt (reinstated) · NEW YORK, NY 10003
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,878,340 | $1,541,269 | $337,071 | $361,575 | $0 | $361,575 |
| December 31, 2023 | 990 | $500,350 | $486,036 | $14,314 | $24,502 | $0 | $24,502 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,878,340
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $38,261
- Salaries, compensation and benefits (total)
- $39,968
- Professional fundraising fees
- $0
- Accounting fees
- $1,359
- Program services (functional)
- $228,835
- Management and general (functional)
- $1,312,434
Balance sheet and other
- Total assets, start of year
- $24,502
- Total assets, end of year
- $361,575
- Total liabilities, end of year
- $0
- Net assets, end of year
- $361,575
- Net assets without donor restrictions
- $361,575
- Gross receipts
- $1,878,340
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2019
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NAZAR KHAN | PRESIDENT Trustee or director | 5 | $0 |
| NADIA SANDOZI | BOARD MEMBER Trustee or director | 5 | $0 |
| SAMIR MALIK | TREASURER Trustee or director | 5 | $0 |
| SAARA HAFEEZ | SECRETARY Trustee or director | 5 | $0 |
| SAMEER SHAMSI | BOARD MEMBER Trustee or director | 5 | $0 |
| SARAH KHAN | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| NAZAR KHAN | PRESIDENT Trustee or director | 5 | $0 |
| NADIA SANDOZI | BOARD MEMBER Trustee or director | 5 | $0 |
| SAMIR MALIK | TREASURER Trustee or director | 5 | $0 |
| SAARA HAFEEZ | SECRETARY Trustee or director | 5 | $0 |
| SAMEER SHAMSI | BOARD MEMBER Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 10 E 14TH ST UNIT 5, NEW YORK, NY 10003-3156
- In care of
- % NAZAR KHAN
- Principal officer (990 for 2024)
- NAZAR KHAN, 511 6TH AVENUE SUITE 7229, NEW YORK, NY 10011
- Signed the 990
- NAZAR KHAN, PRESIDENT
- Phone
- (646) 526-6959
- Return prepared by
- SIDDIQUI & BASNET LLC
Mission
TO FACILITATE THE REDISTRIBUTION OF WEALTH IN THE NEW YORK CITY METRO AREA BY LOCALLY COLLECTING ZAKAT FUNDS WHILE IDENTIFYING AND SUPPORTING THOSE INDIVIDUALS AND FAMILIES WHO ARE IN NEED.
Program accomplishments
- NEW YORK ZAKAT HELPED OVER 1,000 NEW YORKERS WITH DIRECT CASH GRANTS FOR THEIR BASIC NEEDS AND WORKED WITH PARTNER PROGRAMS TO SUPPORT OVER 50 INDIVIDUALS IN NEED.Expenses $228,835 · revenue $1,878,340
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3108165
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P60)
- Assets (IRS master file)
- $361,575
- Income (IRS master file)
- $1,878,340
Revocation and reinstatement
- Exemption revoked
- May 15, 2022
- Posted by the IRS
- February 15, 2023
- Reinstated
- Effective August 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,878,340 | $1,541,269 | $361,575 | XML |
| 990 | December 2023 | $500,350 | $486,036 | $24,502 | XML |
| 990 | December 2022 | $320,217 | $352,821 | $10,189 | IRS |
| 990 | December 2021 | $940,962 | $939,997 | $34,249 | IRS |
| 990 | December 2020 | $384,546 | $351,075 | $33,284 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-3108165).
Questions about NEW YORK ZAKAT INC
- What is the EIN of NEW YORK ZAKAT INC?
- The employer identification number (EIN) of NEW YORK ZAKAT INC is 84-3108165.
- Is NEW YORK ZAKAT INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2022 and reinstated it effective August 15, 2023.
- Are donations to NEW YORK ZAKAT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NEW YORK ZAKAT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW YORK ZAKAT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW YORK ZAKAT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of NEW YORK ZAKAT INC?
- The 990 for the year ended December 31, 2024 names NAZAR KHAN.
- Who are the officers and directors of NEW YORK ZAKAT INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does NEW YORK ZAKAT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,878,340, expenses of $1,541,269 and total assets of $361,575 at year end.
Other nonprofits in NEW YORK
- BLUE MERIDIAN PARTNERS INC EIN 81-5086187 · last filed 990 for 2025
- NYSARC INC EIN 13-5596746 · last filed 990 for 2025
- ACACIA CENTER FOR JUSTICE EIN 87-4099467 · last filed 990 for 2024
- YOUNG ADULT INSTITUTE INC EIN 11-2030172 · last filed 990 for 2025
- THE NEW YORK FOUNDLING EIN 13-1624123 · last filed 990 for 2025
- YOUNG MENS CHRISTIAN ASSOCIATION OF GREATER NEW YORK EIN 13-1624228 · last filed 990 for 2024
- JEWISH BOARD OF FAMILY & CHILDRENS SERVICES INC EIN 13-5564937 · last filed 990 for 2025
- THE CHILDRENS AID SOCIETY EIN 13-5562191 · last filed 990 for 2025