Sons of Italy in America

Analysis

Sons of Italy in America is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in December 2012, 14 years ago. 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, Sons of Italy in America reported income of $119k and spending of $104k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $119k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Sons of Italy in America sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Trustees of the Home for Little Wanderers ($119k), Novato Historical Guild ($119k) and Dr Edward B Shils Entrepreneurial Fund Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 9.5% and program service revenue 5.3% of the total. At year end it held assets of $86k against liabilities of $266, net assets of $86k.