Associazione Culturale Italiana Di New York Inc

Analysis

Associazione Culturale Italiana Di New York Inc is a registered charity in United States, based in Ridgewood, NY. It received its IRS tax-exemption ruling in July 2009, 17 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 December 2023, Associazione Culturale Italiana Di New York Inc reported income of $599k and spending of $398k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $599k (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 96%. Over the whole period it spent 73% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Associazione Culturale Italiana Di New York Inc 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 69th percentile within NY. Charities of a similar size with the same main cause include Southern Heritage Air Foundation ($599k), Fox Valley Music Foundation ($599k) and Scottsdale Philharmonic Inc ($599k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. At year end it held assets of $559k against liabilities of $0, net assets of $559k.