Tuition Exchange Inc

Analysis

Tuition Exchange Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in August 1994, 32 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 2023, Tuition Exchange Inc reported income of $783k and spending of $719k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $720k to $783k (+8.8%), an average of +2.8% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tuition Exchange Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MD. Charities of a similar size with the same main cause include Empire State Library Network ($783k), Charleston Montessori Inc ($783k) and Elting Memorial Library ($782k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Compensation of current officers, directors and key employees was $199k (28% of expenses). Other salaries and wages came to $224k. At year end it held assets of $1.6m against liabilities of $235k, net assets of $1.4m. It reported 4 employees.