International Friendship Ministries Inc

Analysis

International Friendship Ministries Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, International Friendship Ministries Inc reported income of $323k and spending of $448k, spending 139% of what it took in. Across the 5 years on record, from June 2019 to December 2022, income grew from $231k to $323k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2021, when income rose by 131%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, International Friendship Ministries Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within GA. Charities of a similar size with the same main cause include First Weber Foundation Inc ($323k), Coastal Bend College Foundation ($323k) and West Humboldt Park Family and Community Development Council ($323k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 94% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $63k (14% of expenses). Other salaries and wages came to $115k. It paid $27k in professional fundraising fees. At year end it held assets of $1.4m against liabilities of $547k, net assets of $807k. It reported 7 employees.