Foundation for Academic Cultural Exchange

Analysis

Foundation for Academic Cultural Exchange is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in August 1988, 38 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Foundation for Academic Cultural Exchange reported income of $116k and spending of $100k, spending 86% of its income. Across the 3 years on record, from June 2020 to June 2024, income fell from $266k to $116k (-56%), an average of -34% a year. The sharpest change came in the year to June 2023, when income dropped by 59%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Foundation for Academic Cultural Exchange sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within NV. Charities of a similar size with the same main cause include Rotary District 6400 Foundation ($116k), Bourke Family Foundation ($116k) and Feed the Soul Inc ($116k).

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 $142k against liabilities of $127k, net assets of $16k.