Italian Senior Citizens Center Inc

Analysis

Italian Senior Citizens Center Inc is a registered charity in United States, based in Elmhurst, NY. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Italian Senior Citizens Center Inc reported income of $913k and spending of $904k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $767k to $913k (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Italian Senior Citizens Center Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Regional Family YMCA of Laurel Highlands ($912k), Project Hope of Marion County Inc ($913k) and Ozaukee Family Services ($912k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (11% of expenses). Other salaries and wages came to $248k. At year end it held assets of $147k against liabilities of $85k, net assets of $62k. It reported 9 employees.