Association for Cultural Interchange Inc

Analysis

Association for Cultural Interchange Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1962, 64 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 December 2023, Association for Cultural Interchange Inc reported income of $11.3m and spending of $8.4m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $11.3m (+61%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 479%. Over the whole period it spent 69% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Association for Cultural Interchange Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include International Center for Research on Women ($11.3m), Rafiki Foundation Incorporated ($11.3m) and Endeavor Global Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $229k (2.7% of expenses). Other salaries and wages came to $308k. At year end it held assets of $221.3m against liabilities of $278k, net assets of $221.0m. It reported 3 employees.