Academic Foundation for International Cultural Exchange

Analysis

Academic Foundation for International Cultural Exchange is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in April 2004, 22 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, Academic Foundation for International Cultural Exchange reported income of $113k and spending of $239k, spending 211% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $249k to $113k (-54%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 254%. Over the whole period it spent 134% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Academic Foundation for International Cultural Exchange sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Primax Foundation Inc ($113k), International Asthma Services Gobal Cardiology Initiatives Inc ($113k) and Kids of Costa Rica Inc ($113k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $100k (42% of expenses). At year end it held assets of $74k against liabilities of $591k, net assets of -$517k. It reported 1 employees.