Interchange Inc

Analysis

Interchange Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Interchange Inc reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $605k to $1.1m (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interchange Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within WI. Charities of a similar size with the same main cause include Living Alternatives Inc ($1.1m), Mayo Home for Youth Development ($1.1m) and Family & Childrens Service of Fort Wayne Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $61k (5.2% of expenses). Other salaries and wages came to $65k. At year end it held assets of $374k against liabilities of $19k, net assets of $355k. It reported 7 employees.