IGNITE ALABAMA

BIRMINGHAM, AL, 35208-1421 (334) 462-8492 Est. 2020 EIN 84-2372949
S20 - Community & Neighborhood Development 990 - Public charity return 501(c)(3)
igniteal.org

Mission

OUR MISSION IS TO PROMOTE ECONOMIC GROWTH IN RURAL AND DISTRESSED COMMUNITIES. WE DO THIS BY PROVIDING INFRASTRUCTURE, PROGRAMS, AND SUPPORT THAT ENABLE NONPROFITS AND ENTREPRENEUR SUPPORT ORGANIZATIONS (ESOS) TO STABILIZE, SUSTAIN, AND SCALE-FOSTERING LONG-TERM ECONOMIC MOBILITY AND RESILIENCE.

Giving Portfolio

Total Grants
2
Total Giving
$30K
Recipients
2
Years Active
2023 - 2024
Avg grant: $15,000 Median: $15,000

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
20241$20K $20K01
20231$10K $10K10

Sectors Funded

Philanthropy & Grantmaking
2

Top States

Michigan
2

Top Grantees

MI - 2 grants
$30K

Grants Awarded · 2 grants

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Financials

Total Revenue
$700,705
Total Expenses
$644,589
Net Assets
$33,734
11 employees 18 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
0.6 months Low
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 28.4%
Expenses ↑ 17.4%
Revenue Sources
Contributions 96.8% Earned revenue 3.2%
Expense Breakdown
Program 100.0%

Officers & Trustees (13)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 990 - Public charity return
Jan 1, 2024 to Dec 31, 2024
$700,705 ↑$644,589$33,734
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$545,565 ↑$549,182$-22,382
2022 990 - Public charity return
Oct 1, 2022 to Dec 31, 2022
$95,845 ↓$138,007$-17,865
2021 990 - Public charity return
Oct 1, 2021 to Sep 30, 2022
$497,315 ↑$480,981$24,297
2020 990 - Public charity return
Oct 1, 2020 to Sep 30, 2021
$381,091 $360,647$22,463

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EIN: 84-2372949 · Source: IRS Form 990 e-file data