Historic Italian Hall Foundation

Analysis

Historic Italian Hall Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1998, 28 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 June 2023, Historic Italian Hall Foundation reported income of $373k and spending of $573k, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $453k to $373k (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2020, when income rose by 182%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Historic Italian Hall Foundation sits at the 72nd percentile: it is larger than about 72% 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 New Mexico Multi-Cultural Foundation Inc ($373k), Nantucket Shellfish Association Inc ($373k) and Rough and Tumble Engineers Historical Association ($373k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 139% of the total. Other salaries and wages came to $259k. At year end it held assets of $1.8m against liabilities of $13k, net assets of $1.8m. It reported 10 employees.