Ignite Entrepreneurship Academy Inc

Analysis

Ignite Entrepreneurship Academy Inc is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ignite Entrepreneurship Academy Inc reported income of $5.0m and spending of $4.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $5.0m (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ignite Entrepreneurship Academy Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Montessori Center School at Santa Barbara & Students Inc ($5.0m), Waldorf School Association of the Princeton Area ($5.0m) and Hope Charter School Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $123k (2.6% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $10.9m against liabilities of $9.6m, net assets of $1.3m. It reported 100 employees.