X-Culture Inc

Analysis

X-Culture Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, X-Culture Inc reported income of $127k and spending of $102k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $66k to $127k (+93%), an average of +93% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, X-Culture Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NC. Charities of a similar size with the same main cause include Rosa L Parks Scholarship Foundation Inc ($127k), Lincoln County R-Iii Education Foundation Inc ($127k) and Exemplary Educators ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 14% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.