Ignite Afterschool
EIN: 474834387 · Saint Paul, MN · NTEE: B90
| Metric | Value |
|---|---|
| Total Revenue | $5.6M |
| Total Expenses | $5.7M |
| Net Assets | $287K |
Is Ignite Afterschool Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ignite Afterschool
Ignite Afterschool (EIN: 474834387) is a nonprofit organization based in Saint Paul, MN, classified under NTEE code B90. The organization reported total revenue of $5.6M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ignite Afterschool's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ignite Afterschool is a mid-size nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 48.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5.6M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-112,583 |
| Total Assets | $1.9M |
| Total Liabilities | $1.6M |
| Net Assets | $287K |
| Operating Margin | -2.0% |
| Debt-to-Asset Ratio | 85.1% |
| Months of Reserves | 4.1 months |
Financial Health Grade: C
In 2023, Ignite Afterschool reported a deficit of $113K with expenses exceeding revenue, holds 4.1 months of operating reserves (adequate), has a debt-to-asset ratio of 85.1% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Ignite Afterschool's revenue has grown at a compound annual growth rate (CAGR) of 48.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +33.2% | +39.4% | -3.6% |
| 2022 | +1099.1% | +844.9% | +513.3% |
| 2021 | +10.0% | +12.3% | -13.5% |
| 2020 | -53.9% | -18.3% | -19.2% |
| 2019 | +61.9% | +6.9% | +105.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ignite Afterschool has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ignite Afterschool with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $113K, with expenses exceeding revenue.
- Debt-to-asset ratio: 85.1%.
Frequently Asked Questions about Ignite Afterschool
Is Ignite Afterschool a legitimate charity?
Based on AI analysis of IRS 990 filings, Ignite Afterschool (EIN: 474834387) insufficient data. 0 red flags identified, 0 strengths noted.
How does Ignite Afterschool spend its money?
Detailed spending breakdown data is not yet available for Ignite Afterschool. Check back for updated IRS 990 analysis.
Are donations to Ignite Afterschool tax-deductible?
Ignite Afterschool is registered as a tax-exempt nonprofit (EIN: 474834387). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ignite Afterschool located?
Ignite Afterschool is headquartered in Saint Paul, Minnesota and files with the IRS under EIN 474834387. It is classified under NTEE code B90.
How many years of IRS 990 filings does Ignite Afterschool have?
Ignite Afterschool has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.6M in total revenue.
Filing History
IRS 990 filing history for Ignite Afterschool showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Ignite Afterschool's revenue has grown by 1519.5%, moving from $343K to $5.6M. Total assets increased by 1860.5% over the same period, from $98K to $1.9M. Total functional expenses rose by 1580.5%, from $338K to $5.7M. In its most recent filing year (2023), Ignite Afterschool reported a deficit of $113K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $1.9M in assets (debt-to-asset ratio: 85.1%), resulting in net assets of $287K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $5.7M | $1.9M | $1.6M | — | — |
| 2022 | $4.2M | $4.1M | $2.0M | $1.6M | — | View 990 |
| 2021 | $348K | $431K | $325K | $29K | — | View 990 |
| 2020 | $316K | $384K | $376K | $22K | — | View 990 |
| 2019 | $686K | $470K | $466K | $44K | — | View 990 |
| 2018 | $424K | $439K | $227K | $21K | — | View 990 |
| 2017 | $510K | $464K | $265K | $44K | — | View 990 |
| 2016 | $343K | $338K | $98K | $17K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.6M, expenses of $5.7M, and assets of $1.9M (revenue +33.2% year-over-year).
- 2022: Revenue of $4.2M, expenses of $4.1M, and assets of $2.0M (revenue +1099.1% year-over-year).
- 2021: Revenue of $348K, expenses of $431K, and assets of $325K (revenue +10.0% year-over-year).
- 2020: Revenue of $316K, expenses of $384K, and assets of $376K (revenue -53.9% year-over-year).
- 2019: Revenue of $686K, expenses of $470K, and assets of $466K (revenue +61.9% year-over-year).
- 2018: Revenue of $424K, expenses of $439K, and assets of $227K (revenue -17.0% year-over-year).
- 2017: Revenue of $510K, expenses of $464K, and assets of $265K (revenue +48.6% year-over-year).
- 2016: Revenue of $343K, expenses of $338K, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ignite Afterschool:
Data Sources and Methodology
This transparency report for Ignite Afterschool is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.