Ignis Community Inc - Sunyang Hana

Analysis

Ignis Community Inc - Sunyang Hana is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in May 2019, 7 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, Ignis Community Inc - Sunyang Hana reported income of $138k and spending of $309k, spending 224% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $440k to $138k (-69%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 48%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ignis Community Inc - Sunyang Hana sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Four Winds Ministry Village Inc ($138k), Volunteers of America Inc ($138k) and Friends of Infant-Toddler Services of Johnson County Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $22k (7.0% of expenses). At year end it held assets of $219k against liabilities of $0, net assets of $219k.