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Arts, Culture, Humanities : Performing Arts

Spoleto Festival USA

Filling Charleston with the arts for 17 days and nights each spring

three stars

86.13

14 George Street P.O. Box 157
Charleston, SC 29402
tel: (843) 722-2764   Web Site
EIN: 57-0660848

Board Leadership
Mr. William G. Medich
Chairman of the Board

CEO
Nigel Redden
General Director

  Score
(out of 100)
Rating
Overall Score & Rating 86.13 three stars
  Financial 83.76 three stars
  Accountability & Transparency 89.00 three stars
This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.

Founded in 1977 as the American counterpart to the Festival of Two Worlds held annually in Spoleto, Italy, Spoleto Festival USA has maintained traditions such as a dedication to young artists, a fascination with contemporary effort, an enthusiasm for providing unusual performance opportunities to recognized masters in their fields, and a commitment to all forms of the performing arts. Each year, audience members experience a broad range of artistic styles and forms, including classical ballet; modern and post-modern dance; opera; chamber, symphonic, and choral music; jazz; theater; and visual arts. Spoleto has earned a reputation for offering programs of the highest artistic caliber, supporting new and innovative works, nurturing outstanding young artists, and expanding public appreciation of the arts.

Founded in 1977 as the American counterpart to the Festival of Two Worlds held annually in Spoleto, Italy, Spoleto Festival USA has maintained traditions such as a dedication to young artists, a fascination with contemporary effort, an enthusiasm for providing unusual performance opportunities to recognized masters in their fields, and a commitment to all forms of the performing arts. Each year, audience members experience a broad range of artistic styles and forms, including classical ballet; modern and post-modern dance; opera; chamber, symphonic, and choral music; jazz; theater; and visual arts. Spoleto has earned a reputation for offering programs of the highest artistic caliber, supporting new and innovative works, nurturing outstanding young artists, and expanding public appreciation of the arts.

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Financial

three stars

83.76

Accountability & Transparency

three stars

89.00

This rating was published 09/03/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
72.1%
  Administrative Expenses 19.4%
  Fundraising Expenses 8.4%
  Fundraising Efficiency $0.17
  Working Capital Ratio (years) 0.68
  Program Expenses Growth 2.0%
  Liabilities to Assets 13.3%
All data for Financial Performance Metrics calculations was provided by Spoleto Festival USA on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Spoleto Festival USA on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Spoleto Festival USA (SC) 86.13 three stars
Strings Music Festival (CO) 89.13 three stars
Film Society of Lincoln Center (NY) 94.45 four stars
Grand Teton Music Festival (WY) 99.83 four stars
Aspen Music Festival and School (CO) 91.83 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $3,899,668
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $0
   Related Organizations $0
   Government Grants $376,215
Total Contributions $4,275,883
   Program Service Revenue $3,297,347
Total Primary Revenue $7,573,230
   Other Revenue $640,716
TOTAL REVENUE $8,213,946
   
EXPENSES  
   Program Expenses $5,935,889
   Administrative Expenses $1,552,319
   Fundraising Expenses $766,280
TOTAL FUNCTIONAL EXPENSES $8,254,488
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-40,542
   
Net Assets $15,402,164

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Spoleto Festival $5,935,889 100.0%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-08 09/03/2019 86.13 three stars
2017-08 12/21/2018 82.85 three stars
2016-08 10/01/2017 89.04 three stars
2015-08 02/01/2017 86.68 three stars
2014-08 06/01/2016 88.75 three stars
 
CN 2.0
2014-08 10/01/2015 88.60 three stars
2013-08 12/22/2014 90.87 four stars
2012-08 10/01/2013 90.25 four stars
2011-08 10/01/2012 82.87 three stars
2010-08 09/20/2011 81.13 three stars
 
CN 1.0
2009-08 11/24/2010 74.98 two stars
2008-08 12/01/2009 84.12 three stars
2007-08 06/01/2009 79.76 two stars
2006-08 08/01/2007 63.56 one star
2005-08 06/01/2006 66.18 one star
2004-08 01/01/2006 69.40 one star
2003-08 04/01/2005 80.03 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 57-0660848
Name in IRS Master File SPOLETO FESTIVAL U S A
NTEE Code A20
NTEE Classification Arts, Cultural Organizations - Multipurpose
NTEE Type Arts, Culture and Humanities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (91) Art exhibit
(64) Commemorative event (centennial, festival, pageant, etc.)
(119) Other cultural or historical activities
Foundation Status Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes.  509(a)(2)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date September, 1978
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2018
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
Compensation % of Expenses Paid to Title
$271,466 3.28% Nigel Redden General Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Spoleto Festival USA (SC) 86.13 three stars
Charleston Wine + Food Festival (SC) 91.36 four stars
Aspen Music Festival and School (CO) 91.83 four stars
Williamstown Theatre Festival (MA) 91.70 four stars
Hudson Valley Shakespeare Festival Inc. (NY) 87.64 three stars

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Charity Contact Info

Spoleto Festival USA
14 George Street
P.O. Box 157
Charleston, SC 29402
tel: (843) 722-2764
fax: (843) 723-6383
EIN: 57-0660848

Visit Web Site

Board Leadership

Mr. William G. Medich
Chairman of the Board

CEO

Nigel Redden
General Director

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