Sons Of Italy In America
EIN: 570961324 · Myrtle Beach, SC
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $338K |
| Net Assets | $523K |
Is Sons Of Italy In America Legit?
Insufficient Data
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: 570961324) is a nonprofit organization based in Myrtle Beach, SC. The organization reported total revenue of $1.2M and total assets of $805K 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 mid-size nonprofit that has been operating for 85 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $354K |
| Total Expenses | $338K |
| Surplus / Deficit | +$16K |
| Total Assets | $896K |
| Total Liabilities | $373K |
| Net Assets | $523K |
| Operating Margin | 4.5% |
| Debt-to-Asset Ratio | 41.6% |
| Months of Reserves | 31.8 months |
Financial Health Grade: A
In 2023, Sons Of Italy In America reported a surplus of $16K with revenue exceeding expenses, holds 31.8 months of operating reserves (strong position), has a debt-to-asset ratio of 41.6% (moderate leverage).
Financial Trends
Over 12 years of filings (2011–2023), Sons Of Italy In America's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | +2.7% | -1.6% |
| 2022 | +7.8% | +6.8% | +2.1% |
| 2021 | +35.2% | +43.0% | +13.6% |
| 2019 | +13.5% | +22.9% | +17.7% |
| 2018 | -5.3% | -16.6% | +34.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Sons Of Italy In America has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Sons Of Italy In America with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 41.6%.
Frequently Asked Questions about Sons Of Italy In America
Is Sons Of Italy In America a legitimate charity?
Sons Of Italy In America (EIN: 570961324) is a registered tax-exempt nonprofit based in South Carolina. It has 12 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. Financial health grade: A.
How does Sons Of Italy In America spend its money?
Sons Of Italy In America reported $1.2M in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses 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: 570961324). 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 Myrtle Beach, South Carolina and files with the IRS under EIN 570961324.
How many years of IRS 990 filings does Sons Of Italy In America have?
Sons Of Italy In America has 12 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 $1.2M in total revenue.
Filing History
IRS 990 filing history for Sons Of Italy In America showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Sons Of Italy In America's revenue has grown by 74.9%, moving from $203K to $354K. Total assets increased by 135.9% over the same period, from $380K to $896K. Total functional expenses rose by 75%, from $193K to $338K. In its most recent filing year (2023), Sons Of Italy In America reported a surplus of $16K, with revenue exceeding expenses. The organization holds $373K in liabilities against $896K in assets (debt-to-asset ratio: 41.6%), resulting in net assets of $523K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $354K | $338K | $896K | $373K | — | — |
| 2022 | $372K | $330K | $911K | $403K | — | View 990 |
| 2021 | $345K | $309K | $892K | $427K | — | View 990 |
| 2019 | $255K | $216K | $785K | $339K | — | — |
| 2018 | $225K | $176K | $667K | $260K | — | View 990 |
| 2017 | $238K | $211K | $496K | $188K | — | View 990 |
| 2016 | $211K | $169K | $477K | $196K | — | View 990 |
| 2015 | $304K | $282K | $441K | $196K | — | View 990 |
| 2014 | $276K | $243K | $431K | $208K | — | View 990 |
| 2013 | $292K | $270K | $409K | $220K | — | View 990 |
| 2012 | $232K | $209K | $392K | $225K | — | View 990 |
| 2011 | $203K | $193K | $380K | $235K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $354K, expenses of $338K, and assets of $896K (revenue -4.8% year-over-year).
- 2022: Revenue of $372K, expenses of $330K, and assets of $911K (revenue +7.8% year-over-year).
- 2021: Revenue of $345K, expenses of $309K, and assets of $892K (revenue +35.2% year-over-year).
- 2019: Revenue of $255K, expenses of $216K, and assets of $785K (revenue +13.5% year-over-year).
- 2018: Revenue of $225K, expenses of $176K, and assets of $667K (revenue -5.3% year-over-year).
- 2017: Revenue of $238K, expenses of $211K, and assets of $496K (revenue +12.8% year-over-year).
- 2016: Revenue of $211K, expenses of $169K, and assets of $477K (revenue -30.8% year-over-year).
- 2015: Revenue of $304K, expenses of $282K, and assets of $441K (revenue +10.1% year-over-year).
- 2014: Revenue of $276K, expenses of $243K, and assets of $431K (revenue -5.4% year-over-year).
- 2013: Revenue of $292K, expenses of $270K, and assets of $409K (revenue +26.0% year-over-year).
- 2012: Revenue of $232K, expenses of $209K, and assets of $392K (revenue +14.4% year-over-year).
- 2011: Revenue of $203K, expenses of $193K, and assets of $380K.
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.