Italian Scientists and Scholars Innorth America Foundation

Analysis

Italian Scientists and Scholars Innorth America Foundation is a registered charity in United States, based in Atherton, CA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Italian Scientists and Scholars Innorth America Foundation reported income of $162k and spending of $80k, leaving 51% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $627k to $162k (-74%), an average of -36% a year. The sharpest change came in the year to December 2021, when income dropped by 91%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Italian Scientists and Scholars Innorth America Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Wyoming County Community Health Foundation ($162k), Isight Missions Inc ($162k) and New Perspective Foundation ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $175k against liabilities of -$2,257, net assets of $177k.