Northern Nevada Italian Association Inc

Analysis

Northern Nevada Italian Association Inc is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Northern Nevada Italian Association Inc reported income of $94k and spending of $73k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $94k (+71%), an average of +71% a year. The sharpest change came in the year to December 2023, when income rose by 71%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Northern Nevada Italian Association Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within NV. Charities of a similar size with the same main cause include Millhouse Foundation ($94k), Grande Foundation ($94k) and Texas Association of Journalism Educators ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $161k against liabilities of $0, net assets of $161k.