Ignite Hoops

Analysis

Ignite Hoops is a registered charity in United States, based in Arlington HTS, IL. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Ignite Hoops reported income of $624k and spending of $567k, spending 91% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $279k to $624k (+123%), an average of +31% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Ignite Hoops sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Southeast Soccer Club Corp ($624k), West Virginia Futbol Club Inc ($624k) and Flower Mound Youth Sports Association Inc ($623k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $82k (14% of expenses). Other salaries and wages came to $225k. At year end it held assets of $178k against liabilities of $57k, net assets of $121k. It reported 80 employees.