The Education Exchange Inc

Analysis

The Education Exchange Inc is a registered charity in United States, based in Wakefield, RI. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, The Education Exchange Inc reported income of $829k and spending of $841k, spending 101% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $621k to $829k (+33%), an average of +5.9% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Education Exchange Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within RI. Charities of a similar size with the same main cause include Changing Hearts Boarding School and Ministries ($829k), Humanitae Advisors ($829k) and Bluegrass Community & Technical College Foundation Inc ($829k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $88k (10% of expenses). Other salaries and wages came to $301k. At year end it held assets of $235k against liabilities of $877, net assets of $234k. It reported 15 employees.