Ignite Theatre Company

Analysis

Ignite Theatre Company is a registered charity in United States, based in St Louis, MO. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Theatre Company reported income of $308k and spending of $331k, spending 108% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $231k to $308k (+33%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ignite Theatre Company sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within MO. Charities of a similar size with the same main cause include World Affairs Council of Kentucky Southern Indiana ($308k), Celtic Junction Arts Center Inc ($308k) and Campanile Center for the Arts Inc ($308k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $49k (15% of expenses). Other salaries and wages came to $44k. At year end it held assets of $29k against liabilities of $12k, net assets of $17k. It reported 3 employees.