Institute of Global Exchange Inc

Analysis

Institute of Global Exchange Inc is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in September 2009, 17 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 (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, Institute of Global Exchange Inc reported income of $1.6m and spending of $1.6m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.6m (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 111%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Institute of Global Exchange Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Fulbright Association Inc ($1.6m), New Life Advance International ($1.6m) and Giraffe Conservation Foundation USA ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $122k (7.8% of expenses). Other salaries and wages came to $274k. At year end it held assets of $536k against liabilities of $140k, net assets of $397k. It reported 6 employees.