Italian American Society of Jefferson

Analysis

Italian American Society of Jefferson is a registered charity in United States, based in Gretna, LA. It received its IRS tax-exemption ruling in January 2016, 10 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 2023, Italian American Society of Jefferson reported income of $114k and spending of $96k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $114k (+153%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 371%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Italian American Society of Jefferson sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within LA. Charities of a similar size with the same main cause include Inner Arts Initiative Inc ($114k), Winchester Historical Society Inc ($114k) and North American Folk Music and Dance Alliance Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% of the total. Other salaries and wages came to $16k. At year end it held assets of $426k against liabilities of $78, net assets of $426k. It reported 21 employees.