Cultural Exchange for Diplomats Inc

Analysis

Cultural Exchange for Diplomats Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 1982, 44 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 June 2023, Cultural Exchange for Diplomats Inc reported income of $138k and spending of $131k, spending 95% of its income. Across the 5 years on record, from September 2019 to June 2023, income fell from $146k to $138k (-5.5%), an average of -1.4% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cultural Exchange for Diplomats Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 24th percentile within DC. Charities of a similar size with the same main cause include Equu8 Horsemanship and Therapeutic Riding ($138k), Daniel J Preston Charitable TR 4347-2 DTD 020554 ($138k) and PTA New York Congress ($138k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $65k (50% of expenses). At year end it held assets of $1.1m against liabilities of $14k, net assets of $1.1m. It reported 2 employees.