Can we create item rule to assign item to organization hierarchy

Summary:

Can we create item rule to assign item to organization hierarchy

Content (please ensure you mask any confidential information):

We have 600+ Organizations with varying attribute values and this list is ever increasing. Is it feasible to create item rule to associate item to organization tree/hierarchy ?

Version (include the version you are using, if applicable):

24a

Code Snippet (add any code snippets that support your topic, if applicable):