American Society of the Italian Legions of Merit Inc

Analysis

American Society of the Italian Legions of Merit Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, American Society of the Italian Legions of Merit Inc reported income of $140k and spending of $30k, leaving 79% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $42k to $140k (+233%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 232%. Over the whole period it spent 52% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Society of the Italian Legions of Merit Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Central Coast Lighthouse Keepers ($140k), International Society for Bayesian Analysis ($140k) and American School of Asian Culture ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $160k against liabilities of $0, net assets of $160k.