American-Italian Renaissance Foundation

Analysis

American-Italian Renaissance Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in September 1978, 48 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 (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, American-Italian Renaissance Foundation reported income of $421k and spending of $442k, spending 105% of what it took in. Across the 3 years on record, from December 2019 to December 2022, income grew from $361k to $421k (+16%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 67%. Over the whole period it spent 82% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American-Italian Renaissance Foundation 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 67th percentile, and in the 67th percentile within LA. Charities of a similar size with the same main cause include State Theatre for the Arts ($420k), Telangana American Telugu Association Inc ($421k) and Cedar Rapids Freedom Festival Inc ($420k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 70% and program service revenue 26% of the total. Other salaries and wages came to $148k. At year end it held assets of $975k against liabilities of $639k, net assets of $335k. It reported 7 employees.