Italian Charities of America Inc
Nonprofit profile at a glance
- EIN
- 111666830
- IRS 990 coverage
- 2014–2024
- Forms available
- Form 990 2024
- Location
- Elmhurst, NY, USA
- Phone
- 7184783100
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $239,415
- Expenses
- $268,635
- Assets
- $817,834
- Liabilities
- $4,505
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DOMENIC GIAMPINO (PRESIDENT)
- ALAN G HARTMAN (VICE PRESIDENT)
- TINA GENNOVESE (SECOND VICE PRESIDENT)
People named in this filing
- DOMENIC GIAMPINO (PRESIDENT)
- JOSEPHINE MANZELLA (CHAIRPERSON)
- ALAN G HARTMAN (VICE PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cultural nonprofit organization providing cultural programs, events and activities for the italian american community, its members and the general public. Charitable donations to italian american organizations as well as other nonprofit organizations
What it reported doing in 2024
Italian & Italian American Programs, Lectures and Performances
Operating model
- Revenue model
- Other-operating. 81% of the money available for current operations came from other operating revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 65% for direct work, and 35% for grants.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 15
- Transparency & Controls: 90
- Accountability: 88
- Sustainability: 44
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.4%; rating input score 18
- Program expense ratio: 16.3%; rating input score 16
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 7 controls in place; rating input score 71
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -12.2%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 3.04; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 2.4% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: 6.4% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: -0% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 18.4% of revenue deployed · 16.3% of spending went to programs
- Governance: 8 of 8 board members independent · 5 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $44K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 18/100.
- High — Financial Efficiency: Program expense ratio scored 16/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Sustainability: Operating margin scored 20/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.