Program of Academic Exchange

Analysis

Program of Academic Exchange is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in December 1990, 36 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Program of Academic Exchange reported income of $8.9m and spending of $8.8m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.8m to $8.9m (-9.1%), an average of -2.4% a year. The sharpest change came in the year to September 2020, when income dropped by 33%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Program of Academic Exchange sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Ekal Vidyalaya Foundation of USA Inc ($8.9m), Mission Enablers International ($9.0m) and Divine Will Foundation ($8.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $597k (6.8% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $4.1m against liabilities of $1.5m, net assets of $2.5m. It reported 47 employees.