Fondazione Italia

Analysis

Fondazione Italia is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Fondazione Italia reported income of $263k and spending of $262k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $314k to $263k (-16%), an average of -4.4% a year. The sharpest change came in the year to December 2021, when income dropped by 43%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fondazione Italia sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Phoenix Union Partnership of Business and Education Inc ($262k), Young Engineers in Action ($263k) and Lincoln Park Auxillary Booster Club ($262k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $166k. At year end it held assets of $171k against liabilities of $80k, net assets of $91k. It reported 14 employees.