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Mosque Finances: Good News—Bad News

Posted by on May 1, 2014 in Blog, Finances | 1 comment

Good News:  The 2011 US Mosque Study found that the average budget for mosques (not including the budget of full-time schools) was $167,600 and the median budget was $70,000. The good news is that these figures represent a significant growth since 2000—mosques have greater financial capability than ever before. The percentage of mosques with a budget over $100,000 has risen substantially since 2000—39% of mosques in 2011 had a budget over $100,000 as compared to 24% in 2000. The financial capabilities of mosques have grown over the last decade. Apparently the severe economic recession did not derail completely the financial progress of mosques. African American mosques have lower budgets than other mosques. Most African American mosques (56%) have a budget of $10,000-$39,999 and only 15% of African American mosques have a budget of $100,000 or more. In comparison the...

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