Ignite Alabama

Analysis

Ignite Alabama is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Alabama reported income of $546k and spending of $549k, spending 101% of its income. Across the 4 years on record, from September 2021 to December 2023, income grew from $381k to $546k (+43%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 469%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ignite Alabama sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within AL. Charities of a similar size with the same main cause include Milestone of TN LLC ($545k), Suited for Change ($546k) and Capitol District Management Association Inc ($544k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $68k (12% of expenses). Other salaries and wages came to $75k. At year end it held assets of $1,200 against liabilities of $24k, net assets of -$22k. It reported 9 employees.