Ignition Point Ministries Inc

Analysis

Ignition Point Ministries Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Ignition Point Ministries Inc reported income of $125k and spending of $164k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $261k to $125k (-52%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 81% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ignition Point Ministries Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Life Connect Ministries International ($125k), Addiskidan Christs Church Inc ($125k) and Mpact Mens Ministries Inc ($125k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $92k. At year end it held assets of $187k against liabilities of -$4,295, net assets of $192k. It reported 2 employees.