Ignite Achievement Academy

Analysis

Ignite Achievement Academy is a registered charity in United States, based in Indianapolis, IN. 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 Achievement Academy reported income of $2.3m and spending of $3.0m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.8m to $2.3m (-61%), an average of -21% a year. The sharpest change came in the year to June 2023, when income dropped by 65%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ignite Achievement Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within IN. Charities of a similar size with the same main cause include Brookewood School Inc ($2.3m), Mesivta Kesser Torah of Baltimore Inc ($2.3m) and New School ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $130k (4.4% of expenses). Other salaries and wages came to $915k. At year end it held assets of $1.2m against liabilities of $127k, net assets of $1.0m. It reported 56 employees.