Ulster County Italian American Foundation Inc

Analysis

Ulster County Italian American Foundation Inc is a registered charity in United States, based in Kingston, NY. It received its IRS tax-exemption ruling in October 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, Ulster County Italian American Foundation Inc reported income of $160k and spending of $144k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $125k to $160k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ulster County Italian American Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Redbrick Studio ($160k), TCN Inc ($160k) and Abada-Capoeira Marin ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 51% of the total. At year end it held assets of $122k against liabilities of $0, net assets of $122k.