Interexchange Inc

Analysis

Interexchange Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1988, 38 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 December 2023, Interexchange Inc reported income of $22.7m and spending of $18.1m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.5m to $22.7m (+16%), an average of +3.9% a year. The sharpest change came in the year to December 2022, when income rose by 65%. Over the whole period it spent 91% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Interexchange Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Onechild Global ($22.5m), Rahma Worldwide Aid and Development ($23.0m) and American Friends of Reichman University Inc ($22.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1.1m (6.1% of expenses). Other salaries and wages came to $5.7m. At year end it held assets of $41.4m against liabilities of $12.8m, net assets of $28.6m. It reported 150 employees.