Italian American Club of Livonia Charitable Foundation

Analysis

Italian American Club of Livonia Charitable Foundation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in September 2001, 25 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, Italian American Club of Livonia Charitable Foundation reported income of $58k and spending of $42k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $58k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 3569%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Italian American Club of Livonia Charitable Foundation 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 23rd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Olustee Battlefield Citizens Support Organization Inc ($58k), Applied Metapsychology International ($58k) and Mississippi Valley Blues Society ($58k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 13% of the total. At year end it held assets of $136k against liabilities of $16k, net assets of $120k.