Friends of Fai the Italian Environment Foundation Inc

Analysis

Friends of Fai the Italian Environment Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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 December 2022, Friends of Fai the Italian Environment Foundation Inc reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $458k to $1.1m (+140%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 193%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Fai the Italian Environment Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Healthy Start Inc ($1.1m), Developmental Services Support Foundation for Kern Inyo and Mono ($1.1m) and Religious Coalition for Community Renewal Inc ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $134k (12% of expenses). It paid $29k in professional fundraising fees. At year end it held assets of $250k against liabilities of $29k, net assets of $220k. It reported 1 employees.