Sons Of Italy In America
Sons Of Italy In America: Declining Revenue and Asset Base Raise Concerns
EIN: 222691828 · Wethersfield, CT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $24K |
| Total Expenses | $7K |
| Net Assets | $3K |
| Transparency Score | 45/100 |
Is Sons Of Italy In America Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Sons Of Italy In America
Sons Of Italy In America (EIN: 222691828) is a nonprofit organization based in Wethersfield, CT. The organization reported total revenue of $24K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Sons Of Italy In America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Sons Of Italy In America is a micro nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -11.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6K |
| Total Expenses | $7K |
| Surplus / Deficit | $-890 |
| Total Assets | $3K |
| Net Assets | $3K |
| Operating Margin | -14.6% |
| Months of Reserves | 5.7 months |
Financial Health Grade: B
In 2023, Sons Of Italy In America reported a deficit of $890 with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Sons Of Italy In America's revenue has declined at a compound annual growth rate (CAGR) of -11.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.7% | +1.0% | -21.1% |
| 2022 | -30.0% | +79.1% | -34.8% |
| 2021 | +1.8% | -21.9% | +76.5% |
| 2020 | -58.1% | -71.7% | +77.7% |
| 2019 | +11.8% | +19.3% | -47.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1971 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sons Of Italy In America with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 100%
According to IRS 990 filings, Sons Of Italy In America allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 100%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $890, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Sons Of Italy In America's IRS 990 filings:
- Consistent 0% program spending across all reported years (2016-2023) is a major red flag, suggesting no direct charitable impact.
- Significant decline in revenue from $19,103 in 2016 to $6,095 in 2023, indicating financial instability.
- Assets have decreased substantially from $6,068 in 2016 to $3,330 in 2023, eroding the organization's financial foundation.
- Expenses consistently exceed revenue, leading to net losses in most years and further depleting assets.
Strengths
The following positive indicators were identified for Sons Of Italy In America:
- None identified based on the provided financial data, as all key metrics point to significant concerns.
Frequently Asked Questions about Sons Of Italy In America
Is Sons Of Italy In America a legitimate charity?
Sons Of Italy In America (EIN: 222691828) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $24K. 4 red flags identified. 1 strength noted. Financial health grade: B.
How does Sons Of Italy In America spend its money?
Sons Of Italy In America reported $24K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Sons Of Italy In America tax-deductible?
Sons Of Italy In America is registered as a tax-exempt nonprofit (EIN: 222691828). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Sons Of Italy In America located?
Sons Of Italy In America is headquartered in Wethersfield, Connecticut and files with the IRS under EIN 222691828.
How many years of IRS 990 filings does Sons Of Italy In America have?
Sons Of Italy In America has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $24K in total revenue.
What does Sons Of Italy In America do?
Sons Of Italy In America is a nonprofit organization in the Unknown sector, located in Wethersfield, Connecticut. It is classified under NTEE code Unknown.
How much revenue does Sons Of Italy In America have?
Sons Of Italy In America reported total revenue of $23,612. Based on 13 IRS 990 filings on record.
What are Sons Of Italy In America's total assets?
Sons Of Italy In America holds total assets of $3,330 as reported in IRS 990 filings.
Where is Sons Of Italy In America located?
Sons Of Italy In America is based in Wethersfield, Connecticut.
What is Sons Of Italy In America's EIN?
Sons Of Italy In America's Employer Identification Number (EIN) is 222691828. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Sons Of Italy In America?
Sons Of Italy In America is classified under NTEE code Unknown (Unknown).
Is Sons Of Italy In America a registered 501(c)(3)?
Sons Of Italy In America appears in IRS records (EIN: 222691828). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Sons Of Italy In America file IRS Form 990?
Yes, Sons Of Italy In America has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Sons Of Italy In America's revenue in 2023?
In the 202312 filing period, Sons Of Italy In America reported total revenue of $6,095, total expenses of $6,985, and net assets of $3,330.
Is Sons Of Italy In America's revenue growing or declining?
Sons Of Italy In America's revenue is growing. Revenue went from $4,664 (202212) to $6,095 (202312), a +30.7% change. Based on 13 filings on record.
What is Sons Of Italy In America's most recent 990 filing?
The most recent IRS Form 990 filing for Sons Of Italy In America covers tax period 202312. It shows revenue of $6,095, expenses of $6,985, total assets of $3,330, and liabilities of N/A.
Is Sons Of Italy In America a trustworthy charity?
Based on AI analysis of IRS 990 data, Sons Of Italy In America shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Sons Of Italy In America?
The following concerns were identified: Consistent 0% program spending across all reported years (2016-2023) is a major red flag, suggesting no direct charitable impact.. Significant decline in revenue from $19,103 in 2016 to $6,095 in 2023, indicating financial instability.. Assets have decreased substantially from $6,068 in 2016 to $3,330 in 2023, eroding the organization's financial foundation.. Expenses consistently exceed revenue, leading to net losses in most years and further depleting assets.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Sons Of Italy In America's strengths?
Positive indicators for Sons Of Italy In America include: None identified based on the provided financial data, as all key metrics point to significant concerns.. These findings are derived from AI analysis of the organization's financial filings.
How does Sons Of Italy In America compensate executives?
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% program spending, what is the actual charitable purpose or impact of Sons Of Italy In America?
Based on the provided financial data, there is no evidence of direct charitable programs or impact. The organization's expenditures are entirely categorized as administrative and fundraising.
How does Sons Of Italy In America sustain operations with consistent net losses and declining assets?
The organization appears to be drawing down its asset base to cover expenses, as evidenced by the decrease in assets from $6,068 in 2016 to $3,330 in 2023, alongside expenses frequently exceeding revenue.
Filing History
IRS 990 filing history for Sons Of Italy In America showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Sons Of Italy In America's revenue has declined by 75.8%, moving from $25K to $6K. Total assets decreased by 26.6% over the same period, from $5K to $3K. Total functional expenses fell by 75%, from $28K to $7K. In its most recent filing year (2023), Sons Of Italy In America reported a deficit of $890, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6K | $7K | $3K | $0 | — | — |
| 2022 | $5K | $7K | $4K | $0 | — | — |
| 2021 | $7K | $4K | $6K | $0 | — | — |
| 2020 | $7K | $5K | $4K | $0 | — | View 990 |
| 2019 | $16K | $17K | $2K | $0 | — | View 990 |
| 2018 | $14K | $15K | $4K | $0 | — | View 990 |
| 2017 | $18K | $20K | $5K | $0 | — | View 990 |
| 2016 | $19K | $21K | $6K | $0 | — | View 990 |
| 2015 | $19K | $23K | $8K | $0 | — | View 990 |
| 2014 | $33K | $28K | $11K | $0 | — | View 990 |
| 2013 | $21K | $21K | $6K | $0 | — | View 990 |
| 2012 | $30K | $29K | $6K | $0 | — | View 990 |
| 2011 | $25K | $28K | $5K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6K, expenses of $7K, and assets of $3K (revenue +30.7% year-over-year).
- 2022: Revenue of $5K, expenses of $7K, and assets of $4K (revenue -30.0% year-over-year).
- 2021: Revenue of $7K, expenses of $4K, and assets of $6K (revenue +1.8% year-over-year).
- 2020: Revenue of $7K, expenses of $5K, and assets of $4K (revenue -58.1% year-over-year).
- 2019: Revenue of $16K, expenses of $17K, and assets of $2K (revenue +11.8% year-over-year).
- 2018: Revenue of $14K, expenses of $15K, and assets of $4K (revenue -24.4% year-over-year).
- 2017: Revenue of $18K, expenses of $20K, and assets of $5K (revenue -3.2% year-over-year).
- 2016: Revenue of $19K, expenses of $21K, and assets of $6K (revenue -1.1% year-over-year).
- 2015: Revenue of $19K, expenses of $23K, and assets of $8K (revenue -42.0% year-over-year).
- 2014: Revenue of $33K, expenses of $28K, and assets of $11K (revenue +57.1% year-over-year).
- 2013: Revenue of $21K, expenses of $21K, and assets of $6K (revenue -29.0% year-over-year).
- 2012: Revenue of $30K, expenses of $29K, and assets of $6K (revenue +18.6% year-over-year).
- 2011: Revenue of $25K, expenses of $28K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Sons Of Italy In America:
Data Sources and Methodology
This transparency report for Sons Of Italy In America is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.