America-Italy Society of Philadelphia

Analysis

America-Italy Society of Philadelphia is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 1959, 67 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, America-Italy Society of Philadelphia reported income of $602k and spending of $544k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $510k to $602k (+18%), an average of +4.2% a year. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, America-Italy Society of Philadelphia sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Allies in Arts ($601k), Maryland Citizens for the Arts Inc ($602k) and Williamsport Symphony Orchestra ($601k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $106k (19% of expenses). Other salaries and wages came to $99k. At year end it held assets of $1.3m against liabilities of $318k, net assets of $1.0m. It reported 4 employees.