Italian Community Center Inc

Analysis

Italian Community Center Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in May 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Community Center Inc reported income of $653k and spending of $431k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $653k (-43%), an average of -13% a year. The sharpest change came in the year to December 2021, when income dropped by 183%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Italian Community Center Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Join Israel Inc ($653k), World Pulse Voices ($653k) and Central Outreach and Advocacy Center Inc ($653k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.5% and program service revenue 40% of the total. At year end it held assets of $3.6m against liabilities of $305k, net assets of $3.3m.