Italian Community Center

Analysis

Italian Community Center is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in February 2020, 6 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 March 2023, Italian Community Center reported income of $157k and spending of $188k, spending 120% of what it took in. Across the 2 years on record, from March 2019 to March 2023, income fell from $200k to $157k (-22%), an average of -22% a year. The sharpest change came in the year to March 2023, when income dropped by 22%. Over the whole period it spent 100% 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 Community Center sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include Lincoln Institute of Public Opinion Research Inc ($157k), Universal Music Center Inc ($157k) and Elizabeth City Downtown a Revital ($156k).

On its Form 990-EZ for the period ending March 2023, revenue came from contributions and grants 9.0% and program service revenue 89% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.