LA Scuola D Italia-Guglielmo Marconi

Analysis

LA Scuola D Italia-Guglielmo Marconi is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1977, 49 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, LA Scuola D Italia-Guglielmo Marconi reported income of $14.0m and spending of $5.0m, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $14.0m (+182%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 156%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, LA Scuola D Italia-Guglielmo Marconi sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Pemayetv Emahakv Inc ($14.0m), Wildflower Foundation ($14.0m) and Massachusetts Library System Inc ($13.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.2% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $124k (2.5% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $2.9m against liabilities of $14.8m, net assets of -$11.9m. It reported 55 employees.