School Year Abroad Inc

Analysis

School Year Abroad Inc is a registered charity in United States, based in North Andover, MA. It received its IRS tax-exemption ruling in January 1977, 49 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, School Year Abroad Inc reported income of $14.9m and spending of $11.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $17.1m to $14.9m (-13%), an average of -3.3% a year. The sharpest change came in the year to June 2022, when income rose by 239%. Over the whole period it spent 86% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, School Year Abroad Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include International Schools Services Inc ($14.9m), African Agricultural Technology Foundation ($14.9m) and Inkomoko ($14.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $620k (5.3% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $39.9m against liabilities of $5.3m, net assets of $34.6m. It reported 39 employees.