American-Italian Coalition of Organizations Inc

Analysis

American-Italian Coalition of Organizations Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1981, 45 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, American-Italian Coalition of Organizations Inc reported income of $1.5m and spending of $1.5m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.5m (+6.0%), an average of +1.5% a year. The sharpest change came in the year to June 2022, when income rose by 26%. 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, American-Italian Coalition of Organizations Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Chestnut Street Community Center ($1.5m), Jewish Family Service of Somerset Hunterdon & Warren Counties Inc ($1.5m) and For Childrens Sake of Virginia ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $151k (10% of expenses). Other salaries and wages came to $511k. At year end it held assets of $170k against liabilities of $179k, net assets of -$9,187. It reported 22 employees.