The 501 Exchange Co

Analysis

The 501 Exchange Co is a registered charity in United States, based in Watkinsville, GA. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, The 501 Exchange Co reported income of $117k and spending of $151k, spending 130% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $355k to $117k (-67%), an average of -31% a year. The sharpest change came in the year to December 2021, when income dropped by 48%. Over the whole period it spent 76% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The 501 Exchange Co sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within GA. Charities of a similar size with the same main cause include Survive and Thrive Education ($117k), Napa Band Boosters Club ($117k) and Southridge Little League ($117k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $66k. It paid $50 in professional fundraising fees. At year end it held assets of $144k against liabilities of $1,476, net assets of $143k.