Festa Italiana

Analysis

Festa Italiana is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 1993, 33 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, Festa Italiana reported income of $100k and spending of $117k, spending 116% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $98k to $100k (+2.8%), an average of +0.5% a year. The sharpest change came in the year to December 2021, when income rose by 119%. Over the whole period it spent 81% 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 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 33rd percentile within WA. Charities of a similar size with the same main cause include Tell US Something ($100k), Swiss Pioneer Preservation Associates Inc ($100k) and Virginia Black History Month Association ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.