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THE PROW MUSLIM COMMUNITY TRUST (Registration number IT 1071/2008) ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024The Prow Muslim Community Trust (Registration number: IT 1071/2008) Annual
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The Muslim Community Center (MCC) serves as a place for Muslims to gather for worship, educational activities, social events, and community services. It plays a vital role in promoting Islamic values and providing support to the Muslim community.
Typically, organizations classified as 501(c)(3) nonprofit entities, which include Muslim community centers, are required to file the Form 990 (or its variations) with the IRS. Specific officers or designated employees within the organization are responsible for this filing.
Filling out the Form 990 involves gathering financial information, organizational details, and program activities of the Muslim community center. The organization must report income, expenses, assets, and liabilities, following specific guidelines provided by the IRS.
The purpose of a Muslim community center is to provide a space for worship, community engagement, educational programs, and cultural activities. It aims to foster a sense of community and support for Muslims, as well as to promote understanding and cooperation with people of other faiths.
Reporting requirements on the Form 990 include financial statements, a summary of programs and services, governance details, and compliance with public disclosure laws. Information regarding revenue, expenses, assets, and any changes in the organization's mission must also be included.
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