Cultural Exchange Initiative Inc

Analysis

Cultural Exchange Initiative Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Cultural Exchange Initiative Inc reported income of $61k and spending of $34k, leaving 45% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income fell from $61k to $61k (-0.5%), an average of -0.5% a year. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cultural Exchange Initiative Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include LA Porte Livestock Show & Rodeo Association ($61k), Redwood Heights School Parents Fund Association ($61k) and Parent Booster USA Inc ($61k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.