Society for Cultural Exchange Inc

Analysis

Society for Cultural Exchange Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in July 2007, 19 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Society for Cultural Exchange Inc reported income of $365k and spending of $460k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $391k to $365k (-6.4%), an average of -1.7% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Society for Cultural Exchange Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within PA. Charities of a similar size with the same main cause include Fairhope Educational Enrichment Foundation Inc ($365k), Lexington History Museum Inc ($365k) and Pro Arte Musical Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 58% of the total. Other salaries and wages came to $137k. It paid $48k in professional fundraising fees. At year end it held assets of $53k against liabilities of $0, net assets of $53k. It reported 2 employees.