Cultural Academic Student Exchange Inc

Analysis

Cultural Academic Student Exchange Inc is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in December 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Cultural Academic Student Exchange Inc reported income of $1.1m and spending of $863k, leaving 21% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $540k to $1.1m (+102%), an average of +19% a year. The sharpest change came in the year to August 2021, when income rose by 106%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Cultural Academic Student Exchange Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Prodein Non Profit Inc ($1.1m), Win Without War Education Fund ($1.1m) and US Center for Chinese Medicine by Bucm Incorporated ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $145k (17% of expenses). Other salaries and wages came to $100k. At year end it held assets of $1.6m against liabilities of $135k, net assets of $1.4m. It reported 3 employees.