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Illinois · Nonprofit

ITALIAN AMERICAN CHAMBER OF COMMERC

ITALIAN AMERICAN CHAMBER OF COMMERC (Illinois) receives grants from 1 organization whose IRS filings report $1,000 to it, the largest being PERILLO CHARITABLE FOUNDATION ($1,000). 0 of them have funded it in more than one year.

Revenue FY2024
$1.5M
Funders on record
1
Grants received
$1k
Net assets
$9k
0/1 repeat funderspeak grant-dependency 0%
01What it does

What Italian American Chamber of Commerc does

Mission

See attached exhibit detailing specific organization activities mission statement the Italian American Chamber of Commerce - midwest is a not-for-profit corporation existing under the laws of the state of illinois based in chicago and serving the following purposes: to promote, facilitate, and protect trade relations between the united states and italy. To promote the interests of italian american businessmen, and in particular, our own members. To encourage and guide the commercial and industrial aspirations of italian americans. To foster and encourage greater trade development between the united states and italy. To provide an exchange of information relative to business and commerce of the united states and italy and the potentialities of their development. To cooperate and participate in all matters which may contribute to strengthening the bonds of friendship between the united states and italy. To stimulate the interest of italians in italy, as well as in the united states, towa

As stated on its FY2024 Form 990.

Programs

  1. Trade missions and trade shows are hosted to promote civic and business activities and relationships-see detail of significant activities in exhibit I

  2. Networking events including workshops and semeinars to promote civic and business relationships-see detail of significant activities in exhibit I

  3. Annual gala events are hosted to showcase member businesses and their accomplishments-see detail of significant activities in exhibit I

  4. To provide civic, business and social activities-see detail of significant activities in exhibit I

The 4 programs described on its FY2024 Form 990, listed largest first by expense.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 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 = 20202020 Revenue 100 ($924k) Expenses 100 ($1.6M) Net assets -10394 ($-735029)2021 Revenue 194 ($1.8M) Expenses 71 ($1.1M) Net assets -862 ($-60949)2022 Revenue 96 ($885k) Expenses 52 ($817k) Net assets 100 ($7k)2023 Revenue 105 ($972k) Expenses 61 ($953k) Net assets 372 ($26k)2024 Revenue 163 ($1.5M) Expenses 97 ($1.5M) Net assets 130 ($9k)
20202021202220232024
Revenue (163)Expenses (97)Net assets (130)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 2023 to 2024, from $631k to $469k (−26%).

$361k
$465k
$509k
$631k
$469k
20202021202220232024
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.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 65% · 2021 44%. Grants only. Government contracts and fees sit inside program revenue.

1% of ITALIAN AMERICAN CHAMBER OF COMMERC’s revenue is contributions — about as donation-reliant as the typical peer (61% for the typical peer).

This organization
Typical peer · 4,434 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.

−$648k
’20
$674k
’21
$68k
’22
$19k
’23
−$17k
’24
0.1
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.

20202021202220232024
Listed10101088
Joined·+0+0+0+0
No longer listed·0020
03Who funds it

Who funds it, year by year

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

Funder
'22
total
funders
1

From the IRS filings of ITALIAN AMERICAN CHAMBER OF COMMERC’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.

Where its funders are

100% of ITALIAN AMERICAN CHAMBER OF COMMERC's grant income comes from Illinois funders.

IL

Funder states come from each funder’s own filing. 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

ITALIAN AMERICAN CHAMBER OF COMMERC has grown faster than half of the 4,203 community improvement nonprofits its size.

Operating margin−1% · below the median
Months of reserve0.1mo · bottom quartile
Revenue growth (annualized)13% · above the median

this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024

Organizations like ITALIAN AMERICAN CHAMBER OF COMMERC

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 Illinois

Nationally

05Profile & governance

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

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

9
board members
100%
independent
–Conflict-of-interest policy–Whistleblower policy–Document retention–Board reviewed the 990–Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for ITALIAN AMERICAN CHAMBER OF COMMERC: 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 ITALIAN AMERICAN CHAMBER OF COMMERC?
ITALIAN AMERICAN CHAMBER OF COMMERC (Illinois) receives grants from 1 organization whose IRS filings report $1,000 to it, the largest being PERILLO CHARITABLE FOUNDATION ($1,000). 0 of them have funded it in more than one year.
How many funders does ITALIAN AMERICAN CHAMBER OF COMMERC have?
IRS filings report 1 organization giving $1,000 in grants to ITALIAN AMERICAN CHAMBER OF COMMERC.
Who is the largest funder of ITALIAN AMERICAN CHAMBER OF COMMERC?
PERILLO CHARITABLE FOUNDATION is the largest funder on record, with $1,000 in grants. The full list of funders is on this page.
How can an organization like ITALIAN AMERICAN CHAMBER OF COMMERC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Illinois. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Italian American Chamber of Commerc →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 1 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