X-Cel Inc

Analysis

X-Cel Inc is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, X-Cel Inc reported income of $810k and spending of $816k, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $587k to $810k (+38%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 74%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, X-Cel 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 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Waverly Public Library Foundation ($809k), Winston-Salem Street School ($810k) and Washington State STEM Education Foundation ($809k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $79k (9.7% of expenses). Other salaries and wages came to $473k. At year end it held assets of $670k against liabilities of $66k, net assets of $604k. It reported 49 employees.