Ignite Ministries International Inc

Analysis

Ignite Ministries International Inc is a registered charity in United States, based in Walton, KY. It received its IRS tax-exemption ruling in February 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ignite Ministries International Inc reported income of $217k and spending of $211k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $217k (+169%), an average of +170% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ignite Ministries International Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within KY. Charities of a similar size with the same main cause include Global Compassion Ministries ($217k), International Love Ministries Inc ($217k) and Paseo Inc ($217k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.