The Italian Student Loan Fund Corp

Analysis

The Italian Student Loan Fund Corp is a registered charity in United States, based in Italy. It received its IRS tax-exemption ruling in February 1980, 46 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 publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, The Italian Student Loan Fund Corp reported income of $134k and spending of $96k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $217k to $134k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 70% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Italian Student Loan Fund Corp sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile. Charities of a similar size with the same main cause include Rosa Vera Fund Inc ($134k), Supply and Multiply Inc ($134k) and Lord Loves the Children Inc ($134k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $22k (23% of expenses). At year end it held assets of $1.5m against liabilities of $553k, net assets of $995k.