Federation of Italian American Org of Brooklyn Ltd

Analysis

Federation of Italian American Org of Brooklyn Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2024, Federation of Italian American Org of Brooklyn Ltd reported income of $8.1m and spending of $8.1m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.7m to $8.1m (+73%), an average of +15% a year. The sharpest change came in the year to June 2022, when income rose by 44%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Federation of Italian American Org of Brooklyn Ltd sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include St Marcus Foundation Inc ($8.1m), Calvin Coolidge Presidential Foundation Inc ($8.1m) and Sail-School for Arts-Infused Learning ($8.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $5.6m. At year end it held assets of $18.0m against liabilities of $438k, net assets of $17.6m. It reported 509 employees.