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New York · Nonprofit

American Society of the Italian Legions of Merit

American Society of the Italian Legions of Merit (New York) receives grants from 4 organizations whose IRS filings report $705,000 to it, the largest being THE LEANDRO P RIZZUTO FOUNDATION ($355,000). 2 of them have funded it in more than one year.

Revenue FY2025
$314k
Funders on record
4
Grants received
$705k
Net assets
$483k
2/4 repeat funderspeak grant-dependency 54%
01What it does

What American Society of the Italian Legions of Merit does

Mission

To strengthen the ties of friendship and understanding that exist between the Republic of Italy and the United States through beneficial and charitable purposes and by conduct and participation in educational and cultural activities.

As stated on its FY2025 Form 990.

Program

  1. Grants provided to organizations whose mission is to further the ties of friendship and understanding between Italy and United States. Education grants are provided to deserving American students who have a strong interest in Italian culture who but for the scholarship would not be able to learn about their Italian heritage and culture first had and would not be able to continue their studies for financial reasons.

    $54,758 spentof which $33,504 as grants
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $54,758.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($19k) Expenses 100 ($75k) Net assets 100 ($29k)2021 Revenue 115 ($22k) Expenses 8 ($6k) Net assets 85 ($24k)2022 Revenue 225 ($42k) Expenses 23 ($17k) Net assets 173 ($50k)2023 Revenue 748 ($140k) Expenses 39 ($30k) Net assets 558 ($160k)2024 Revenue 557 ($104k) Expenses 49 ($37k) Net assets 793 ($227k)2025 Revenue 1682 ($314k) Expenses 79 ($59k) Net assets 1687 ($483k)
201720212022202320242025
Revenue (1682)Expenses (79)Net assets (1687)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $227k to $483k (+113%).

$42k
$24k
$50k
$160k
$227k
$483k
201720212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

99% of American Society of the Italian Legions of Merit’s revenue is contributions — more reliant on donations than three-quarters of its peers (64% for the typical peer).

This organization
Typical peer · 19,547 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 6 reported years ran a deficit.

−$56k
’17
$16k
’21
$25k
’22
$110k
’23
$67k
’24
$256k
’25
98
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

201720212022202320242025
Listed161212121213
Joined··+0+0+0+4
No longer listed··0003
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

2 of 4 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 4% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of American Society of the Italian Legions of Merit’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

American Society of the Italian Legions of Merit leans on a few funders — its largest provides 50% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

50% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund American Society of the Italian Legions of Merit.

50%
largest funder
99%
top three
~2
effective funders

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

American Society of the Italian Legions of Merit draws 100% of its grant income from funders outside New York, across 2 states in all.

PA
FL

Funder states come from each funder’s own filing. $30k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

American Society of the Italian Legions of Merit runs a healthier operating margin than three-quarters of the 11,634 arts & culture nonprofits its size.

Operating margin81% · top quartile
Months of reserve98.4mo · top quartile
Revenue growth (annualized)42% · top quartile

this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025

Organizations like American Society of the Italian Legions of Merit

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

93% of spending goes to programs.

Program 93%Management 7%Fundraising 0%

Governance

13
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention✓Board reviewed the 990–Audited financials

Public support

0%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NY

Screen this organization

A dated, signed PDF of the compliance screen for American Society of the Italian Legions of Merit: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds American Society of the Italian Legions of Merit?
American Society of the Italian Legions of Merit (New York) receives grants from 4 organizations whose IRS filings report $705,000 to it, the largest being THE LEANDRO P RIZZUTO FOUNDATION ($355,000). 2 of them have funded it in more than one year.
How many funders does American Society of the Italian Legions of Merit have?
IRS filings report 4 organizations giving $705,000 in grants to American Society of the Italian Legions of Merit, 2 of which have funded it in more than one year.
Who is the largest funder of American Society of the Italian Legions of Merit?
THE LEANDRO P RIZZUTO FOUNDATION is the largest funder on record, with $355,000 in grants. The full list of funders is on this page.
How can an organization like American Society of the Italian Legions of Merit find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing