THE ZAKAT FOUNDATION OF AMERICA
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$38,916,126
Cash & Equivalents
84%
Property, Plant, & Equipment (net)
10%
Related-Party Receivables
3%
Other Assets
2%
Investments
<1%
Receivables (Non-Related)
0%
Inventories
0%
Prepaid Expenses
0%
Liabilities in 2024 (Year End)
$1,492,570
Payables & Accruals
53%
Other Liabilities
47%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$24,811,181
$32,766,080
+32%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
$1,024,109
-
Inventories
-
-
-
Prepaid Expenses
-
-
-
Investments
$85,877
$121,067
+41%
Property, Plant, & Equipment (net)
$3,634,290
$4,043,148
+11%
Other Assets
$767,496
$961,722
+25%
Total Assets
$29,298,844
$38,916,126
+33%
Liabilities
2023
2024
Change
Payables & Accruals
$630,425
$791,019
+25%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$477,337
$701,551
+47%
Total Liabilities
$1,107,762
$1,492,570
+35%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$28,191,082
$37,423,556
+33%
Net assets
2023
2024
Change
Net assets
+$28,191,082
+$37,423,556
+33%
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