Pittsburgh Italian Scholarship Fund Inc

Analysis

Pittsburgh Italian Scholarship Fund Inc is a registered charity in United States, based in Homestead, PA. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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, Pittsburgh Italian Scholarship Fund Inc reported income of $78k and spending of $104k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $94k to $78k (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2022, when income rose by 137%. Over the whole period it spent 133% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pittsburgh Italian Scholarship Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within PA. Charities of a similar size with the same main cause include Bethel Center of Val Verde Inc ($78k), NSH Inc ($78k) and Leukemia Clinical Research Foundation ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 149% of the total. At year end it held assets of $217k against liabilities of $160k, net assets of $57k.