American Cultural Exchange Service

Analysis

American Cultural Exchange Service is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, American Cultural Exchange Service reported income of $2.6m and spending of $2.5m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.6m (+47%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 97%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Cultural Exchange Service sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Waco Montessori School ($2.6m), Independent College Enterprise Inc ($2.6m) and International Friends School ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $376k (15% of expenses). Other salaries and wages came to $257k. At year end it held assets of $2.0m against liabilities of $605k, net assets of $1.4m. It reported 11 employees.