Italian Gardens Inc

Analysis

Italian Gardens Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Italian Gardens Inc reported income of $704k and spending of $568k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $629k to $704k (+12%), an average of +2.9% a year. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Italian Gardens Inc 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 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include City of Douglas Community Housing Corporation ($704k), San Mateo County Colleges Educational Housing Corporation ($704k) and Independent Support Systems Inc ($704k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.3m against liabilities of $2.6m, net assets of $1.8m.