Dave Hefner International Exchange Fund Inc

Analysis

Dave Hefner International Exchange Fund Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in March 1975, 51 years ago. 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 September 2023, Dave Hefner International Exchange Fund Inc reported income of $50k and spending of $50k, spending 101% of its income. Across the 2 years on record, from September 2022 to September 2023, income grew from $21k to $50k (+144%), an average of +144% a year. The sharpest change came in the year to September 2023, when income rose by 144%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Dave Hefner International Exchange Fund Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within IN. Charities of a similar size with the same main cause include Katelynns Closet ($50k), PTA Texas Congress ($50k) and PTA Nevada Congress ($50k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.