Fondazione Ut Prosim

Analysis

Fondazione Ut Prosim is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending June 2023, Fondazione Ut Prosim reported income of $129k and spending of $78k, leaving 40% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $111k to $129k (+16%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 70% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fondazione Ut Prosim 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 43rd percentile, and in the 43rd percentile within VA. Charities of a similar size with the same main cause include Children in Need Inc ($129k), Home International ($129k) and Idti Inc ($129k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $164k against liabilities of $33k, net assets of $131k.