Italian Association

Analysis

Italian Association is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in September 2014, 12 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 (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 Association reported income of $99k and spending of $95k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $55k to $99k (+81%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 262%. Over the whole period it spent 101% 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 Association sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within AZ. Charities of a similar size with the same main cause include Lake Geneva Symphony Orchstra Inc ($99k), Community Memorial Museum Association ($99k) and Soundscape Composition and Performance Exchange ($99k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% and program service revenue 62% of the total. At year end it held assets of $120k against liabilities of $120k, net assets of -$334. It reported 1 employees.