Italian-American Charity Golf Assoc Inc

Analysis

Italian-American Charity Golf Assoc Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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-American Charity Golf Assoc Inc reported income of $86k and spending of $76k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $86k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Italian-American Charity Golf Assoc Inc sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include Billings Rotary Foundation ($86k), Ashley County Health Foundation ($86k) and Charger Pride Scholarship Foundation Inc ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $100k against liabilities of $0, net assets of $100k.