Ignited by Truth Inc

Analysis

Ignited by Truth Inc is a registered charity in United States, based in Cary, NC. It received its IRS tax-exemption ruling in May 2018, 8 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, Ignited by Truth Inc reported income of $112k and spending of $127k, spending 113% of what it took in. Across the 2 years on record, from June 2023 to December 2023, income grew from $104k to $112k (+8.2%), an average of +8.2% a year. Over the whole period it spent 128% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ignited by Truth Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Weavers of Hope ($112k), Indian Brethren Fellowship ($112k) and TFH Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $33k against liabilities of $50, net assets of $33k.