Italian Community Center Charitable Foundation of Troy Ny Inc

Analysis

Italian Community Center Charitable Foundation of Troy Ny Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in March 1970, 56 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, Italian Community Center Charitable Foundation of Troy Ny Inc reported income of $292k and spending of $195k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $136k to $292k (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Italian Community Center Charitable Foundation of Troy Ny Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Peace House Community ($292k), Hope Ministries of Northern Kentucky Inc ($293k) and Operation Compassion of Mercer County Inc ($292k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 43% of the total. At year end it held assets of $869k against liabilities of $2,194, net assets of $867k.