American Italian Heritage Museum

Analysis

American Italian Heritage Museum is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in November 2010, 16 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 2021, American Italian Heritage Museum reported income of $53k and spending of $55k, spending 104% of its income. Across the 3 years on record, from December 2019 to December 2021, income fell from $126k to $53k (-58%), an average of -35% a year. The sharpest change came in the year to December 2021, when income dropped by 55%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Italian Heritage Museum sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include The Beaufort Museum Inc ($53k), Hagerman Valley Historical Society ($53k) and Artmorpheus Inc ($53k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 88% of the total. At year end it held assets of $894k against liabilities of $0, net assets of $894k.