Ignite Capital Inc
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$3.3M
+34.8% YoY
Annual Giving
$18K
-75.3% YoY
Grant Count
2
-60.0% YoY
Avg Grant Size
$9K
-38.3% YoY
About Ignite Capital Inc
Based on IRS filings
Ignite Capital Inc is a nonprofit organization, based in BALTIMORE, MD. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.3M in total assets. In 2024, it awarded 2 grants totaling $18K. Net investment income was $6K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,315,853 | $2,460,361 | $2,079,883 |
| Revenue | $283,280 | $263,432 | $317,895 |
| Expenses | $199,751 | $326,646 | $209,587 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $5,805 | $27,427 | $9,532 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
18 grants across all recorded years
Open Grants
2 open opportunities from Ignite Capital Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PATTI CHANDLER | CHAIRMAN | 4 | — |
| MURRAY DALZIEL | DIRECTOR | 4 | — |
| FR RICHARD MCGOWAN | DIRECTOR | 4 | — |
| DAN RIZZO | DIRECTOR | 4 | — |
| BREE JONES | DIRECTOR | 4 | — |
| MARY ANN SCULLY | DIRECTOR | 4 | — |
| CARRIE MCKELLOG | DIRECTOR | 4 | — |
| JAY NWACHU | PRESIDENT | 16 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with Ignite Capital Inc on Grantable?
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