US Ignite Inc

Analysis

US Ignite Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2012, 14 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 December 2023, US Ignite Inc reported income of $14.1m and spending of $14.7m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.9m to $14.1m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, US Ignite Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include Community Learning Center Schools Inc ($14.1m), Carlthorp School ($14.1m) and Multnomah University ($14.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $857k (5.8% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.1m against liabilities of $1.8m, net assets of $2.3m. It reported 24 employees.