Ignite a Better World Foundation

Analysis

Ignite a Better World Foundation is a registered charity in United States, based in Wixom, MI. It received its IRS tax-exemption ruling in February 2014, 12 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 a Better World Foundation reported income of $54k and spending of $63k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $26k to $54k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ignite a Better World Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include Cotter Area Chamber of Commerce Inc ($54k), York County Meals on Wheels Inc ($54k) and Make a Smile Happen Inc ($54k).

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 $46k against liabilities of $0, net assets of $46k.