Original Little Italy Community Organization Inc

Analysis

Original Little Italy Community Organization Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Original Little Italy Community Organization Inc reported income of $106k and spending of $147k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $80k to $106k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Original Little Italy Community Organization Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Cassopolis Main Street ($106k), Oakland Chinatown Chamber Foundation ($106k) and D C Pearls III Foundation ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.