Transcultural Exchange Inc

Analysis

Transcultural Exchange Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Transcultural Exchange Inc reported income of $52k and spending of $61k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $18k to $52k (+190%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 261%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transcultural Exchange Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include New Legacy Cultural Center Inc ($52k), Bulgarian Language School St Sofia NFP ($52k) and Friends of the Doubling Point Light ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $31k (51% of expenses). At year end it held assets of $116k against liabilities of $0, net assets of $116k. It reported 2 employees.