Order Sons of Italy in America New York Grand Lodge Foundation

Analysis

Order Sons of Italy in America New York Grand Lodge Foundation is a registered charity in United States, based in Bellmore, NY. It received its IRS tax-exemption ruling in June 1941, 85 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2024, Order Sons of Italy in America New York Grand Lodge Foundation reported income of $623k and spending of $514k, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $470k to $623k (+33%), an average of +7.3% a year. The sharpest change came in the year to March 2023, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Order Sons of Italy in America New York Grand Lodge Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Volunteer Center of Lubbock Inc ($623k), Believers United in Local Development ($623k) and Hispanic Professionals of Greater Milwaukee Inc ($623k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 50% and program service revenue 0.3% of the total. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.