Italian American Art and Cultureassociation of San Diego

Analysis

Italian American Art and Cultureassociation of San Diego is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in October 2008, 18 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Italian American Art and Cultureassociation of San Diego reported income of $134k and spending of $133k, spending 99% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $115k to $134k (+17%), an average of +8.2% a year. The sharpest change came in the year to June 2024, when income rose by 56%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Italian American Art and Cultureassociation of San Diego sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Tassel Coordination Council Inc ($134k), Erie Contemporary Ballet Theatre ($134k) and Gallery X Inc ($134k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.