Italian Sons and Daughters of America Cultural Heritage Foundati

Analysis

Italian Sons and Daughters of America Cultural Heritage Foundati is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1966, 60 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 June 2023, Italian Sons and Daughters of America Cultural Heritage Foundati reported income of $114k and spending of $30k, leaving 74% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $104k to $114k (+9.6%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 44% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Italian Sons and Daughters of America Cultural Heritage Foundati sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within PA. Charities of a similar size with the same main cause include Antique Phonograph Society ($114k), Little League Baseball Inc ($114k) and Friends of the Kalamazoo Public Library ($114k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.