Friends of Education Exchange Ltd

Analysis

Friends of Education Exchange Ltd is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in October 2009, 17 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 December 2023, Friends of Education Exchange Ltd reported income of $196k and spending of $224k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $168k to $196k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Education Exchange Ltd sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Treasury of Lives Inc ($196k), United Soldiers and Sailors of America Inc ($196k) and Villages Medical Auxiliary ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.