Ignite

Analysis

Ignite is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 reported income of $2.9m and spending of $3.8m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.9m to $2.9m (-0.8%), an average of -0.2% a year. The sharpest change came in the year to June 2022, when income rose by 113%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ignite sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Everybody Dance LA ($2.9m), United Cerebral Palsy of South Florida Charter Schools Inc ($2.9m) and Medina Academy ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $288k (7.5% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.1m against liabilities of $125k, net assets of $2.9m. It reported 91 employees.