Centro Italiano Inc

Analysis

Centro Italiano Inc is a registered charity in United States, based in Cuyahoga FLS, OH. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Centro Italiano Inc reported income of $75k and spending of $21k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $75k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 31% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Centro Italiano Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within OH. Charities of a similar size with the same main cause include Parent Booster USA Inc ($75k), Guild of New Hampshire Woodworkers ($75k) and Carnegie Vanguard High School PTO ($75k).

At year end it held assets of $131k against liabilities of $0, net assets of $131k.