Ignite Org

Analysis

Ignite Org is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in October 1976, 50 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 June 2023, Ignite Org reported income of $4.6m and spending of $4.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $4.6m (+56%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 22%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ignite Org sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include Building People Power ($4.6m), Blaine County Hunger Coalition Inc ($4.6m) and Fruit and Flower Day Nursery of Portland ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $298k (7.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $5.6m against liabilities of $2.2m, net assets of $3.4m. It reported 71 employees.