Sons of Italy in America

Analysis

Sons of Italy in America is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Sons of Italy in America reported income of $78k and spending of $94k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $93k to $78k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sons of Italy in America sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Nhcibor Cares ($78k), The Los Alamos Valley Mens Club ($78k) and Aurora One Fund ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $455k against liabilities of $60k, net assets of $395k.