Ignite Capital Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 19,534 | 5,636 | 13,898 | 29.6 | 0% |
| 2021 | 387,747 | 306,945 | 80,802 | 3.7 | 8% |
| 2022 | 317,895 | 209,587 | 108,308 | 11.6 | 22% |
| 2023 | 263,432 | 326,646 | −63,214 | 5.1 | 28% |
In its most recent public year (2023), this organization spent $63,214 more than it brought in. Its reserves stood at about 5.1 months of spending, down from 29.6 in 2020. Staff pay was 28% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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