Museo Italo-Americano

Analysis

Museo Italo-Americano is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1980, 46 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, Museo Italo-Americano reported income of $704k and spending of $657k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $795k to $704k (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. 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, Museo Italo-Americano sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Thalia Spanish Theatre Inc ($704k), Iranian American Community Center ($704k) and Jewish Womens Theatre ($704k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 16% of the total. Other salaries and wages came to $156k. At year end it held assets of $3.9m against liabilities of $1.8m, net assets of $2.1m. It reported 10 employees.