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.
Ignite Capital Inc at a glance
In short: Ignite Capital Inc gave $36K across 7 grants in 2025 (avg $5K), mostly in Maryland. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $36,000
- +97.8% vs 2024
- Grants made (2025)
- 7
- +250.0% vs 2024
- Average grant
- $5,143
- -43.5% vs 2024
- Median grant
- $5,000
- Total assets
- $5,002,991
- +50.9% vs 2024
- Primary geography
- Maryland (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
How to apply to Ignite Capital Inc
Open Grants
2 open opportunities from Ignite Capital Inc
Who Ignite Capital Inc funds
How this funder distributes its grants
Top Recipients
Top 7 recipients in 2025
The largest 2025 recipient was Future Makers ($6K). Together the top 7 received $36K.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 22 grants of 25 (88%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 7 itemized grants.
States
Cities
How Ignite Capital Inc gives
- Giving fell 38% from 2022 to 2025. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $18K (2024) to $240K (2021). In 2025 it made 7 grants totaling $36K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Future Makers Baltimore, MD | Support Mission-Related Programs and Operations | $6,000 |
| Wild Bay Baltimore, MD | Support Mission-Related Programs and Operations | $5,000 |
| Identity Access Project Baltimore, MD | Support Mission-Related Programs and Operations | $5,000 |
| What the Sprout Baltimore, MD | Support Mission-Related Programs and Operations | $5,000 |
| Revolutionary Hearts Industries LLC Baltimore, MD | Support Mission-Related Programs and Operations | $5,000 |
| Monneah's Engineered Materials Baltimore, MD | Support Mission-Related Programs and Operations | $5,000 |
| Emmjay LLC Baltimore, MD | Support Mission-Related Programs and Operations | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $5,002,991 | $765,308 | $440,396 | $36,000 | 7 | $33,787 |
| 2024 | $3,315,853 | $283,280 | $199,751 | $18,200 | 2 | $5,805 |
| 2023 | $2,460,361 | $263,432 | $326,646 | $73,700 | 5 | $27,427 |
| 2022 | $2,079,883 | $317,895 | $209,587 | $58,000 | 4 | $9,532 |
| 2021 | $988,673 | $387,747 | $306,945 | $240,028 | 7 | $3,972 |
| 2020 | $638,898 | $19,534 | $5,636 | — | — | — |
About Ignite Capital Inc
Based on IRS filings
Ignite Capital Inc is a public charity, based in Baltimore, MD. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $5.0M in total assets. In 2025, it awarded 7 grants totaling $36K. Net investment income was $34K.
Leadership & Key People
Officers and directors from IRS filings
Ignite Capital Inc is led by Jay Nwachu, CEO since 2025 (on filings since 2020); none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jay Nwachu
CEO
President → CEO, 2025
On filings since 2020
16 hrs/week
No compensation reported
Patti Chandler
Chairman & Treasurer
Chairman → Chairman & Treasurer, 2025
On filings since 2020
4 hrs/week
No compensation reported
Dan Rizzo
Director
On filings since 2020
4 hrs/week
No compensation reported
Bree Jones
Director
On filings since 2022
4 hrs/week
No compensation reported
Mary Ann Scully
Director
On filings since 2022
4 hrs/week
No compensation reported
Carrie McKellogg
Director
On filings since 2024
4 hrs/week
No compensation reported
Al Gourrier
Director
New on the 2025 filing
4 hrs/week
No compensation reported
Danielle Torain-Victor
Director
New on the 2025 filing
4 hrs/week
No compensation reported
Richard McGowan Sj
Director
New on the 2025 filing
4 hrs/week
No compensation reported
Murray Dalziel
Secretary
Director → Secretary, 2025
On filings since 2020
4 hrs/week
No compensation reported
Former officers (1)
- Former: Richard McGowan (2020–2024) — Director
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Ignite Capital Inc
How much does Ignite Capital Inc give each year?
Ignite Capital Inc gave $36K across 7 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $18K across 2 grants.
What is Ignite Capital Inc's typical grant size?
Ignite Capital Inc's median grant in 2025 was $5,000, and its average grant was $5,143, across 7 grants on its 2025 IRS Form 990.
Where does Ignite Capital Inc give grants?
Ignite Capital Inc gives mostly in Maryland: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Baltimore, MD (7 grants).
Does Ignite Capital Inc give general operating support?
Not in 2025: none of the 7 grants with a stated purpose on Ignite Capital Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Support Mission-Related Programs and Operations" (7 grants).
Who are Ignite Capital Inc's largest grantees?
Ignite Capital Inc's largest 2025 grantees include Future Makers ($6,000), Wild Bay ($5,000) and Identity Access Project ($5,000), according to its 2025 IRS Form 990. Together they received 44% of its itemized 2025 grant dollars.
How large is Ignite Capital Inc?
Ignite Capital Inc reported $5.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $765K.
What is Ignite Capital Inc's EIN?
Ignite Capital Inc's EIN (Employer Identification Number) is 84-4893203. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Ignite Capital Inc's focus areas in our free grants database
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Ignite Capital Inc down — hundreds of funders to go?