Italian Heritage Celebration Inc

Analysis

Italian Heritage Celebration Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in February 2013, 13 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 April 2023, Italian Heritage Celebration Inc reported income of $252k and spending of $246k, spending 98% of its income. Across the 2 years on record, from April 2020 to April 2023, income grew from $146k to $252k (+73%), an average of +73% a year. The sharpest change came in the year to April 2023, when income rose by 73%. Over the whole period it spent 89% 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 Heritage Celebration 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 58th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Yes and Collaborative Arts ($252k), Bar Harbor Festival Corporation ($252k) and William H Gray III Memorial Foundation ($252k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 65% and program service revenue 31% of the total. At year end it held assets of $84k against liabilities of $0, net assets of $84k.