Ignite Collective Inc

Analysis

Ignite Collective Inc is a registered charity in United States, based in Mammoth Lakes, CA. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ignite Collective Inc reported income of $1.0m and spending of $1.3m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.0m (-11%), an average of -2.9% a year. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Ignite Collective Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Simply Hope Family Outreach Inc ($1.0m), Ray of Hope Institute Inc ($1.0m) and Ronald McDonald House Charities of Amarillo Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $169k (13% of expenses). At year end it held assets of $503k against liabilities of $10k, net assets of $493k. It reported 75 employees.