Nonprofit screen
Screen a listSpoleto Festival USA Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(2)
$11Mrevenue
FY2024 · +53% in 3 yrs348staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin0.7%
Months of reserve0.2mo
Revenue growth (annualized)+4.5%
Middle half of peersMedianSpoleto Festival USA
Where the money goes FY2024 · $11M spent
Programs$7.5M68%Management and general$2.6M23%Fundraising$1.0M9%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$1.2M in FY2022 and −$942k in FY2023. Cash covers 0.2 months, under the peer median of 3.3.
990 Part I and balance sheetIn its favor2
Strong governance
32 of 32 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VIA history of government grants
Government grants on 8 of its 8 returns, 9% of revenue in FY2024. $265k is traced federal awards from National Endowment for the Arts.
990 Part VIII · USAspending106funders
$1.5Ma year, last 3 years
23%from its largest funder
Funder’17’18’19’20’21’22’23The Bank of America Charitable Foundation IncEvery year since FY2017$50k$50k$50k$50k$50k$50k$75kGalena-Yorktown FoundationOn and off$40k$113k$50k$45k$25k$20kThe Swint FoundationOn and off$125k$50k$25k$50kDoris Duke Foundation for Islamic ArtOn and off$115k$50kFrampton Family Charitable FoundationSince FY2021$25k$15k$105kFirst Citizens Foundation Inc Co FirstSince FY2020$25k$75k$30k$15kDonor-advised giftsDonors not disclosed$533k$840k$844k$823k$954k$881k$1.2M67 other fundersUp to $90k a year each$138k$204k$377k$247k$308k$268k$292k
FundedThrough a donor-advised fund