IAR 2023 Impact Report

Our Finances

Learn how IAR spends your valuable ammanah.

$ 0
Starting Balance
$ 0
$ 0
$ 0
Ending Balance


Second Campus

We are so close to opening our second campus: IAR @ Page! While construction is always expensive, we were blessed when a community stepped forward to support the expansion via a murabaha contract. This investment in the future of community will serve as an amazing 25 acre center for the next generation of our community. We look forward to opening the site for the community to offer five daily prayers, Jumma, and taraweeh/programs before Ramadan.

Salient Investments

In a strategic financial move, our masjid made significant strides in its real estate investments and endowment growth. In 2014, we acquired a property at 122 International Drive for $835,000, which turned out to be a wise investment. After nearly a decade, in 2023, we sold this property for approximately $1.6 million . The substantial revenue from this sale was entirely directed into our masjid's endowment, bolstering its financial stability and future prospects. Additionally, we sold another property located at 0 Tryon Rd for $411,000. From this sale, we allocated $282,592 to our endowment, further enhancing our financial foundation. These prudent real estate transactions underscore our commitment to the long-term financial health and sustainability of our masjid, ensuring we can continue to serve our community effectively.

Cemetery Expansion

The IAR Cemetery's recent expansion from 500 to 2000 graves, costing $196,000, marks a significant development in its history. This expansion reflects the community's commitment to serving its growing needs, ensuring more individuals have a final resting place in this respected site. It symbolizes the community's dedication to honoring and preserving memories of the deceased, demonstrating respect and care for its members across generations.


Key Highlights:

  • Over 43 employees serving across the institution including 3 full time Imams!
  • Received $298,000 Nonprofit Security Grant from FEMA to ensure the safety of our facility.
  • Increasing contributions to endowment to ensure longevity of our community..
  • Doubled spend on youth committee to build our next generation of leaders.
  • Encouraged all committees to offset at lest 50% of their expense through program tickets.


Previous Section


Table of contents

We are delighted to highlight the amazing work of our community in this impact report.