Exchange Club Center for Family Unity

Analysis

Exchange Club Center for Family Unity is a registered charity in United States, based in Owatonna, MN. It received its IRS tax-exemption ruling in September 1984, 42 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Exchange Club Center for Family Unity reported income of $234k and spending of $203k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $224k to $234k (+4.3%), an average of +2.1% a year. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Exchange Club Center for Family Unity sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Share Healthcare ($234k), Community Fire Co of Virginville ($234k) and Bright Circle Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 24% of the total. Other salaries and wages came to $125k. It paid $4,088 in professional fundraising fees. At year end it held assets of $407k against liabilities of $216k, net assets of $192k. It reported 16 employees.