Festa Italiana

Analysis

Festa Italiana is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in February 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Festa Italiana reported income of $296k and spending of $287k, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $243k to $296k (+22%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Festa Italiana sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Desert Art Center of Coachella Valley Inc ($296k), Northern Rockies Heritage Center Inc ($296k) and Decatur Makers Inc ($296k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.