International Friendship Center

Analysis

International Friendship Center is a registered charity in United States, based in Highlands, NC. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Center reported income of $470k and spending of $493k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $197k to $470k (+139%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 129%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, International Friendship Center sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Igogo International Inc ($470k), Ballet Folklorico Ollin Yoliztli ($470k) and Chapparells Baton & Drum Corps Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $241k. At year end it held assets of $412k against liabilities of $9,799, net assets of $403k. It reported 7 employees.