Italy for Christ

Analysis

Italy for Christ is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in March 1989, 37 years ago. 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, Italy for Christ reported income of $402k and spending of $466k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $465k to $402k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Italy for Christ sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within GA. Charities of a similar size with the same main cause include Boy Scouts of America ($402k), Boys & Girls Club of Baldwin and Jones Counties Inc ($402k) and Harrisburg Bible Forum Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (10% of expenses). Other salaries and wages came to $141k. At year end it held assets of $71k against liabilities of $8,761, net assets of $63k. It reported 2 employees.