Ignite Academy

Analysis

Ignite Academy is a registered charity in United States, based in Defiance, OH. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Academy reported income of $410k and spending of $427k, spending 104% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $499k to $410k (-18%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ignite Academy sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Center Inc ($410k), India Foundation ($410k) and Nicoles House of Hope Inc ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $249k. At year end it held assets of $263k against liabilities of $2,664, net assets of $260k.