Cultural Exchange Network Inc

Analysis

Cultural Exchange Network Inc is a registered charity in United States, based in Cape Girardeau, MO. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Cultural Exchange Network Inc reported income of $1.8m and spending of $1.6m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 102%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Cultural Exchange Network 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 85th percentile, and in the 83rd percentile within MO. Charities of a similar size with the same main cause include Global Commission Partners Inc ($1.8m), Piqua Community Foundation ($1.8m) and Levy Family Campus ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $181k (11% of expenses). Other salaries and wages came to $751k. At year end it held assets of $2.8m against liabilities of $411k, net assets of $2.3m. It reported 18 employees.