Charityex Foundation Inc

Analysis

Charityex Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Charityex Foundation Inc reported income of $327k and spending of $365k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $329k to $327k (-0.7%), an average of -0.3% a year. The sharpest change came in the year to December 2022, when income rose by 163%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Charityex Foundation Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Del Sur Educational Foundation ($327k), Elkhart Education Foundation ($327k) and Edchoice Kentucky ($327k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $145k against liabilities of $0, net assets of $145k.