Public Charity

IGNITE CAPITAL INC

IGNITE CAPITAL INC, of BALTIMORE, MD, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $765K in revenue, $440K in expenses, $5.0M in total assets. 17 publicly reported grants to this organization, totaling roughly $800K, appear in IRS filings.

EIN: 844893203 BALTIMORE, MD Latest filing: 2025
Total Revenue$765K
Total Expenses$440K
Total Assets$5.0M
Grant Records17
Funding Total$800K
Filing Years2021–2025

Mission

IGNITE CAPITAL IS A SOCIAL IMPACT FUND WITH THE MISSION TO 1) EMPOWER AND RESOURCE BALTIMORE SOCIAL ENTERPRISES IN ECONOMICALLY DISTRESSED COMMUNITITES, 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.

Sample Grants Received

2024
PUBLIC, SOCIETAL BENEFIT
$175,000
2024
GENERAL SUPPORT AND VARIOUS PROJECTS
$120,000
2024
TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.
$50,000
2024
For grant recipient's exempt purposes
$17,500

Showing up to 5 of 17 total records — full history available with membership.

Officers & Directors

DIRECTOR Al Gourrier
DIRECTOR Bree Jones
DIRECTOR Carrie Mckellogg
DIRECTOR Danielle Torain-Victor
DIRECTOR Dan Rizzo
CEO Jay Nwachu

Officer compensation and complete director data available with membership.

Top Grant Purposes

PUBLIC, SOCIETAL BENEFIT
$220,000 3 grants
GENERAL SUPPORT AND VARIOUS PROJECTS
$195,000 2 grants
Contribution to Pipeline Support Fund
$100,000 2 grants
For grant recipient's exempt purposes
$75,000 5 grants
TO SUPPORT EFFORTS TO PROVIDE AFFORDABLE ACCESS TO CAPITAL TO SMALL BUSINESSES OWNED BY LOW-INCOME, MINORITY AND/OR OTHER DISADVANTAGED ENTREPRENEURS OR TAX-EXEMPT ORGANIZATIONS WHO HISTORICALLY HAVE DIFFICULTY SECURING CAPITAL FROM TRADITIONAL SOURCES.
$50,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $765K $440K $5.0M
2024 $283K $200K $3.3M
2023 $263K $327K $2.5M
2022 $318K $210K $2.1M
2021 $388K $307K $989K

Between 2021 and 2025, reported annual revenue grew from $388K to $765K (+97%), with total assets most recently reported at $5.0M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for IGNITE CAPITAL INC

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