Casa Italiana Sociocultural Center

Analysis

Casa Italiana Sociocultural Center is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2017, 9 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, Casa Italiana Sociocultural Center reported income of $96k and spending of $76k, leaving 21% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $514k to $96k (-81%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 121%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Casa Italiana Sociocultural Center sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 18th percentile within DC. Charities of a similar size with the same main cause include North Castle Historical Society ($96k), Texas Through Time ($96k) and Opus Music Foundation ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 39% of the total. At year end it held assets of $808k against liabilities of $0, net assets of $808k.