American Exchange Project Inc

Analysis

American Exchange Project Inc is a registered charity in United States, based in Sudbury, MA. It received its IRS tax-exemption ruling in May 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 September 2023, American Exchange Project Inc reported income of $4.5m and spending of $2.1m, leaving 55% of income unspent that year. Across the 4 years on record, from June 2021 to September 2023, income grew from $456k to $4.5m (+893%), an average of +115% a year. The sharpest change came in the year to September 2022, when income rose by 609%. Over the whole period it spent 57% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Exchange Project Inc 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 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include Uncw Corporation ($4.5m), Buckeye Community School - Marion ($4.5m) and Greensboro Montessori School ($4.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (6.0% of expenses). Other salaries and wages came to $488k. At year end it held assets of $2.7m against liabilities of $107k, net assets of $2.6m. It reported 7 employees.