Ignite Ministries a NJ Nonprofit Corporation

Analysis

Ignite Ministries a NJ Nonprofit Corporation is a registered charity in United States, based in Woodland Park, NJ. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Ministries a NJ Nonprofit Corporation reported income of $101k and spending of $94k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $101k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ignite Ministries a NJ Nonprofit Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Together We Can Make a Difference ($101k), Seafarers Center of Beaumont ($101k) and Pregancy Resource Center of Greater Hazleton ($101k).

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 $110k against liabilities of $0, net assets of $110k.