Spoleto Study Abroad

Analysis

Spoleto Study Abroad is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in March 1998, 28 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, Spoleto Study Abroad reported income of $470k and spending of $301k, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $449k to $470k (+4.6%), an average of +1.1% a year. The sharpest change came in the year to June 2023, when income rose by 131%. Over the whole period it spent 88% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Spoleto Study Abroad sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Taimaka Project ($469k), Sabal Enabling Disabled Children ($470k) and Eduarte Courtot Foundation ($468k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 17% and program service revenue 61% of the total. At year end it held assets of $2.0m against liabilities of $967k, net assets of $1.0m.