Scoula Italiana Enrico Fermi NFP

Analysis

Scoula Italiana Enrico Fermi NFP is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Scoula Italiana Enrico Fermi NFP reported income of $585k and spending of $577k, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $375k to $585k (+56%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Scoula Italiana Enrico Fermi NFP sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Arkansas High School Rodeo Association ($585k), Change4change ($585k) and Marin School of the Arts Foundation ($585k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $87k (15% of expenses). Other salaries and wages came to $325k. At year end it held assets of $452k against liabilities of $301k, net assets of $150k. It reported 17 employees.