Associated Italian American Charities of Maryland Inc

Analysis

Associated Italian American Charities of Maryland Inc is a registered charity in United States, based in Manchester, MD. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Associated Italian American Charities of Maryland Inc reported income of $858k and spending of $832k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $552k to $858k (+55%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 140%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Associated Italian American Charities of Maryland Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Paducah Public Schools Foundation Inc ($858k), Lealman and Asian Neighborhood Family Center Inc ($858k) and The Scholarship Academy ($858k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.