International Friendship Summits Inc

Analysis

International Friendship Summits Inc is a registered charity in United States, based in Germantown, TN. It received its IRS tax-exemption ruling in October 2003, 23 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 (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, International Friendship Summits Inc reported income of $85k and spending of $95k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $88k to $85k (-2.4%), an average of -2.4% a year. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, International Friendship Summits Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within TN. Charities of a similar size with the same main cause include Ekenywa ($85k), Worldteach Inc ($85k) and Hoi Tu Ai Dong Men Thanh Gia Cai Mon ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,438 against liabilities of $0, net assets of $8,438.