Naples Italian American Foundation Inc

Analysis

Naples Italian American Foundation Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in July 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 June 2023, Naples Italian American Foundation Inc reported income of $257k and spending of $313k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $173k to $257k (+49%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 50%. Over the whole period it spent 118% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Naples Italian American Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Mae-Day Inc ($256k), Langham Creek Athletic Booster Club ($257k) and Roseville Area Community Foundation ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 34% of the total. Other salaries and wages came to $26k. At year end it held assets of $866k against liabilities of $6,270, net assets of $860k. It reported 13 employees.