Italian American Club of Hilton Head

Analysis

Italian American Club of Hilton Head is a registered charity in United States, based in Hilton Head, SC. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Italian American Club of Hilton Head reported income of $53k and spending of $66k, spending 124% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $53k (+80%), an average of +80% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 113% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Italian American Club of Hilton Head sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 26th percentile within SC. Charities of a similar size with the same main cause include Mountain Endowment Fund ($53k), St Johns Catholic Communityfoundation ($53k) and PS I Love You Day Inc ($53k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $54k against liabilities of $0, net assets of $54k.