Italian School NJ Inc

Analysis

Italian School NJ Inc is a registered charity in United States, based in Madison, NJ. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Italian School NJ Inc reported income of $323k and spending of $311k, spending 96% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $236k to $323k (+37%), an average of +37% a year. The sharpest change came in the year to June 2024, when income rose by 37%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Italian School NJ Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Missouri Association of Treatment Court Professionals ($323k), Abbot Public Library Foundation Inc ($323k) and Eastport Public Library Association ($323k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $65k (21% of expenses). At year end it held assets of $151k against liabilities of $87k, net assets of $64k. It reported 9 employees.