Italian Club Building & Cultural Trust Fund Inc

Analysis

Italian Club Building & Cultural Trust Fund Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in December 1986, 40 years ago. 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 2022, Italian Club Building & Cultural Trust Fund Inc reported income of $79k and spending of $162k, spending 206% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $383k to $79k (-79%), an average of -41% a year. The sharpest change came in the year to December 2022, when income rose by 224%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Italian Club Building & Cultural Trust Fund Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 34th percentile within FL. Charities of a similar size with the same main cause include Hillcrest Nursing Home Foundation Inc ($79k), Folsom Rotary Foundation ($79k) and King Hall Legal Foundation ($79k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 201% and program service revenue 174% of the total. At year end it held assets of $5.6m against liabilities of $2,402, net assets of $5.6m.