International Cultural Exchange Services Inc

Analysis

International Cultural Exchange Services Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in October 1992, 34 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, International Cultural Exchange Services Inc reported income of $13.8m and spending of $14.5m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.6m to $13.8m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2021, when income rose by 155%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, International Cultural Exchange Services Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NV. Charities of a similar size with the same main cause include Disability Rights Fund Inc ($13.7m), Istanbul International Community School Inc ($13.8m) and World Health Clinicians Incorporated ($13.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $448k (3.1% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $8.4m against liabilities of $542k, net assets of $7.8m. It reported 78 employees.