Tri-State Italian American Congress

Analysis

Tri-State Italian American Congress is a registered charity in United States, based in Paramus, NJ. It received its IRS tax-exemption ruling in July 1990, 36 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 December 2023, Tri-State Italian American Congress reported income of $330k and spending of $20k, leaving 94% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $338k to $330k (-2.4%), an average of -0.6% a year. The sharpest change came in the year to December 2021, when income rose by 471%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri-State Italian American Congress sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Innermission Inc ($330k), Decatur Pilot NFP ($330k) and Little Dresses for Africa ($330k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% of the total. At year end it held assets of $799k against liabilities of $9,500, net assets of $789k.