Exchange Events Inc

Analysis

Exchange Events Inc is a registered charity in United States, based in Kent, CT. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Exchange Events Inc reported income of $4.7m and spending of $6.7m, spending 141% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $298k to $4.7m (+1490%), an average of +299% a year. The sharpest change came in the year to December 2022, when income rose by 993%. Over the whole period it spent 167% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Exchange Events Inc 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 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include Renaissance Behavioral Health Systems Inc ($4.7m), North Rockford Convalescent Home ($4.7m) and Sirona Recovery Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $446k against liabilities of $6.0m, net assets of -$5.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.