Michigan · Nonprofit
ITALIAN AMERICAN CULTURAL SOCIETY
ITALIAN AMERICAN CULTURAL SOCIETY (Michigan) receives grants from 4 organizations whose IRS filings report $25,000 to it, the largest being PETER J & CONSTANCE M CRACCHIOLO FNDN ($17,500). 2 of them have funded it in more than one year.
- Revenue FY2024
- $4.4M
- Funders on record
- 4
- Grants received
- $25k
- Net assets
- $3.0M
What Italian American Cultural Society does
Mission
To plan, promote, and carry on charitable, educational, and cultural activities which will best serve the welfare of the community at large.
As stated on its FY2024 Form 990.
Programs
Recreational and community services
$20,675 spent$10,735 earned by the program1% of program spendingEducational services
$22,220 spent$26,950 earned by the program1% of program spendingUnrelated business
$3,599,207 spent99% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $3,642,102.
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.
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 $3.5M to $6.4M (+81%).
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.
1% of ITALIAN AMERICAN CULTURAL SOCIETY’s revenue is contributions — more earned-revenue than three-quarters of its peers (63% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 5 reported years ran a deficit.
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.
Who funds it, year by year
2017 → 2023: the base narrowed from 3 funders to 1 funder, grant income fell $4k → $3k.
From the IRS filings of ITALIAN AMERICAN CULTURAL SOCIETY’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
ITALIAN AMERICAN CULTURAL SOCIETY leans on a few funders — its largest provides 70% of grant income and the top three 96%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 63% · 2018 55% · 2019 71% · 2020 100% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.
“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
100% of ITALIAN AMERICAN CULTURAL SOCIETY's grant income comes from Michigan funders.
In-state vs out-of-state, by year
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.
Against its field
ITALIAN AMERICAN CULTURAL SOCIETY has grown faster than three-quarters of the 5,127 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 5,127 arts & culture nonprofits $1M–$10M, FY2024
Organizations like ITALIAN AMERICAN CULTURAL SOCIETY
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 Michigan
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
66%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for ITALIAN AMERICAN CULTURAL SOCIETY: 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.
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 CULTURAL SOCIETY?
- ITALIAN AMERICAN CULTURAL SOCIETY (Michigan) receives grants from 4 organizations whose IRS filings report $25,000 to it, the largest being PETER J & CONSTANCE M CRACCHIOLO FNDN ($17,500). 2 of them have funded it in more than one year.
- How many funders does ITALIAN AMERICAN CULTURAL SOCIETY have?
- IRS filings report 4 organizations giving $25,000 in grants to ITALIAN AMERICAN CULTURAL SOCIETY, 2 of which have funded it in more than one year.
- Who is the largest funder of ITALIAN AMERICAN CULTURAL SOCIETY?
- PETER J & CONSTANCE M CRACCHIOLO FNDN is the largest funder on record, with $17,500 in grants. The full list of funders is on this page.
- How can an organization like ITALIAN AMERICAN CULTURAL SOCIETY find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Michigan. 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 Cultural Society →
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 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