From public IRS filings
IGNITE CAPITAL INC
BALTIMORE, MD
Mission
IGNITE CAPITAL IS A SOCIAL IMPACT FUND WITH THE MISSION TO 1) EMPOWER AND RESOURCE BALTIMORE SOCIAL ENTERPRISES IN ECONOMICALLY DISTRESSED COMMUNITIES, 2) SUPPORT THE OVERALL EFFORTS OF THESE SOCIAL ENTERPRISES TO ATTRACT FUTURE INVESTMENTS IN SUPPORT OF THEIR MISSION AND, 3) CONTRIBUTE TO ONGOING EFFORTS IN ENSURING BALTIMORE NEIGHBORHOODS ARE THRIVING SUSTAINABLY.
Financials (IRS Form 990)
Total revenue
$263K
Total expenses
$327K
Total assets
$2.5M
Program expense ratio
8162%
Source: IRS Form 990, tax year 2023.
Who funds IGNITE CAPITAL INC
$585K in foundation grants on record from 6 funders — from IRS 990 grant line items.
| Funder | Total given | Grants |
|---|---|---|
| Donor Advised Charitable Giving | $220K | 3 |
| Chicago Community Trust | $200K | 4 |
| Baltimore Community Foundation | $195K | 2 |
| Maryland Philanthropy Network | $100K | 2 |
| Fidelity Investments Charitable Gift Fund | $53K | 3 |
| T Rowe Price Program for Charitable Giving | $10K | 1 |
Leadership
JAY NWACHU — PRESIDENT (Principal officer)
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