Italian American Executives of Transportation

Analysis

Italian American Executives of Transportation is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in September 1980, 46 years ago. 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 2022, Italian American Executives of Transportation reported income of $59k and spending of $75k, spending 128% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income fell from $83k to $59k (-30%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Italian American Executives of Transportation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within IL. Charities of a similar size with the same main cause include Redlee Charities Inc ($59k), Meals on Wheels Association Marion Area ($59k) and Lawrence County Industrial Development Council ($59k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 83% of the total. At year end it held assets of $26k against liabilities of $0, net assets of $26k.