Italian Welfare League Inc

Analysis

Italian Welfare League Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1960, 66 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, Italian Welfare League Inc reported income of $352k and spending of $401k, spending 114% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $267k to $352k (+32%), an average of +7.2% a year. The sharpest change came in the year to October 2021, when income rose by 45%. 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 Welfare League Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Hearts United Association ($352k), United Citizens Coalition Inc ($352k) and Coffee County Child Care Center Inc ($352k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 17% of the total. Other salaries and wages came to $39k. At year end it held assets of $461k against liabilities of $3,669, net assets of $457k. It reported 1 employees.