Italian American Heritage Foundation Inc

Analysis

Italian American Heritage Foundation Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in February 1979, 47 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, Italian American Heritage Foundation Inc reported income of $354k and spending of $211k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $354k (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Italian American Heritage Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Summerville Dream Inc ($354k), Motion Pacific Dance Inc ($354k) and Superior Public Museums ($354k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 14% of the total. Other salaries and wages came to $41k. At year end it held assets of $902k against liabilities of $86k, net assets of $816k. It reported 1 employees.