Global Cultural Exchanges

Analysis

Global Cultural Exchanges is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Global Cultural Exchanges reported income of $834k and spending of $1.2m, spending 141% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $415k to $834k (+101%), an average of +101% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 159% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Global Cultural Exchanges sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within TN. Charities of a similar size with the same main cause include Des Moines Public Library Foundation ($834k), Japan Icu Foundation Inc ($835k) and Franklin County Community Foundation Inc ($834k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $325k against liabilities of $1.1m, net assets of -$816k.