Ignite Missions Honduras Inc

Analysis

Ignite Missions Honduras Inc is a registered charity in United States, based in Watertown, TN. It received its IRS tax-exemption ruling in July 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, Ignite Missions Honduras Inc reported income of $315k and spending of $302k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $467k to $315k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ignite Missions Honduras Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Catholic Music Initiative Inc ($315k), Catholic Association of Latino Leaders Inc ($315k) and Kolping Youth International ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (7.7% of expenses). Other salaries and wages came to $25k. At year end it held assets of $336k against liabilities of $67k, net assets of $269k. It reported 4 employees.