A Continuous Charity

Nonprofit profile at a glance

EIN
455424452
IRS 990 coverage
2016–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-EZ 2015, Form 990-T 2022
Location
Irving, TX, USA
Phone
6262213969
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$2,359,193
Expenses
$1,695,699
Assets
$5,893,156
Liabilities
$27,594

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • ATHAR HAQ (PRESIDENT)
  • OLABIS RIDWAN AKANO (VICE PRESIDENT)

People named in this filing

  • ATHAR HAQ (PRESIDENT)
  • OLABIS RIDWAN AKANO (VICE PRESIDENT)
  • AMMAR AHMED (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To make higher education accessible and debt-free for Muslim students through interest-free loans.

What it reported doing in 2024

The organization provides non-interest based loans to students to help pay for college education. As loans are repaid the organization does not expect, collect, or record interest. The organization does not profit from these loans, as loans are repaid, the capital is re-awarded to new applicats. This is the organizations sole program service. ___ receipients were serviced this year

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 85% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 84
  • Accountability: 30
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.8%; rating input score 40
  • Program expense ratio: 55.3%; rating input score 55
  • Fundraising efficiency: $7.36 raised per $1 spent on fundraising; rating input score 28; 28th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28.1%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 3.48; rating input score 77; 77th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 89; 89th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 31.4% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 25.1% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 26.2% per year; rating input score 100; 90th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 39.8% of revenue deployed · 55.3% of spending went to programs
  • Governance: 0 of 4 board members independent · 5 of 7 filing controls reported · 3 of 6 affiliation controls reported
  • Programs: 1 filed program accomplishment · $938K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • High — Financial Efficiency: Fundraising efficiency scored 28/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.