Italian American Forum Inc

Analysis

Italian American Forum Inc is a registered charity in United States, based in Bronxville, NY. It received its IRS tax-exemption ruling in January 2015, 11 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 American Forum Inc reported income of $199k and spending of $102k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $178k to $199k (+12%), an average of +12% a year. Over the whole period it spent 53% 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 Forum Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Hope Creates ($199k), Roman Susan Art Foundation NFP ($199k) and Wepa Empowerment Center ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.4% and program service revenue 59% of the total. At year end it held assets of $313k against liabilities of $21k, net assets of $292k.