Ignite Homeschool Sports Inc

Analysis

Ignite Homeschool Sports Inc is a registered charity in United States, based in Teays, WV. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ignite Homeschool Sports Inc reported income of $109k and spending of $100k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $109k (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ignite Homeschool Sports Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within WV. Charities of a similar size with the same main cause include Brookfield Fastpitch Stars Girls Softball Club ($109k), Elk River Figure Skating Club ($109k) and Upendo Childrens Village Inc ($109k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 76% of the total. At year end it held assets of $39k against liabilities of $510, net assets of $38k.