Asociacion de Intercambio Cultural Inc

Analysis

Asociacion de Intercambio Cultural Inc is a registered charity in United States, based in Guaynabo, PR. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Asociacion de Intercambio Cultural Inc reported income of $1.8m and spending of $1.7m, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $1.8m (+45%), an average of +7.7% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asociacion de Intercambio Cultural 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 85th percentile, and in the 79th percentile within PR. Charities of a similar size with the same main cause include John George Home Inc ($1.8m), St Paul & Ramsey County Domestic Abuse Intervention Project ($1.8m) and Raes Playze Adult Day Center Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 50% of the total. Other salaries and wages came to $742k. At year end it held assets of $4.8m against liabilities of $538k, net assets of $4.3m. It reported 71 employees.