American Friends of Loveitaly

Analysis

American Friends of Loveitaly is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Friends of Loveitaly reported income of $62k and spending of $61k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $371k to $62k (-83%), an average of -83% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 31% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Friends of Loveitaly sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Fields of Life USA ($62k), Solidarity with the Lebanese People ($62k) and Japan-American Society & Black Ships Festival of Rhode Island Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $300k against liabilities of $0, net assets of $300k.