Radicalxchange Foundation Ltd

Analysis

Radicalxchange Foundation Ltd is a registered charity in United States, based in Moraga, CA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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 2022, Radicalxchange Foundation Ltd reported income of $1.3m and spending of $994k, leaving 22% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $840k to $1.3m (+52%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 161%. Over the whole period it spent 72% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Radicalxchange Foundation Ltd sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Tulsa Air and Space Museum Inc ($1.3m), Vermont Youth Orchestra Association Inc ($1.3m) and International Society for Biological and Environmental Repos ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 103% and program service revenue 5.9% of the total. Compensation of current officers, directors and key employees was $187k (19% of expenses). Other salaries and wages came to $198k. At year end it held assets of $1.2m against liabilities of $9,086, net assets of $1.2m. It reported 5 employees.