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Ignite Achievement Academy

EIN 81-3711344 · Indianapolis, IN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak48 out of 100GovernanceGood70 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF IAA IS TO PROVIDE THE COMMUNITY WITH AN ACCELERATED LEARNING INSTITUTION THAT PROPELS SCHOLARS ACADEMICALLY BY UTILIZING A HOLISTIC CURRICULUM BUILT UPON CULTURAL AND COMMUNITY RESPONSIVENESS, PROJECT-BASED LEARNING AND THE LEADING LITERACY, SOCIO-EMOTIONAL, AND NEUROSCIENTIFIC RESEARCH; THUS PROVIDING SCHOLARS RICH OPPORTUNITIES FOR ENRICHMENT, ACHIEVEMENT, AND INCREASING DEGREES OF IMPACT IN EVERY FIELD OF ENDEAVOR.

Income
$2.4 million
Spending
$2.8 million
Spent on programs
82%
Reserves
0.1 months of spending
Largest source of income
government grants, 99%
Employees
22
Volunteers
8
Highest pay
$114,106, head of school

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 48 out of 100. Higher than 26% of charities in its peer group (education, $1m to $10m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.1 months of spending.

  • Debt

    10 of 20

    It owes 41% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 15% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    15 of 15

    82% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 70 out of 100. Higher than 26% of charities in its peer group (education, $1m to $10m).

  • Independent board

    25 of 25

    8 of 8 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $2.3 million spent. THE GENIUS SCHOOL INDY EDUCATED APPROXIMATELY 130 STUDENTS IN THE 2023-24 SCHOOL YEAR. TGS PRFORMED AT THE TOP 15% OF THE AUTHORIZER'S PORTFOLIO OF SCHOOLS AND PARTICULALRY GIVEN SCHOOLS THAT SERVE A SIMIARLY SITUATED DEMOGRAPHIC.
  2. THE GENIUS SCHOOL INDY HAS UNIQUE PROGRAMMING THAT SPEAKS TO A HOLISTIC APPROACH TO EDUCATION (ACADEMICS, PHYSICAL FITNESS, AND SOCIO-EMOTIONAL WELL-BEING). THROUGH OUR UNIQUE PROGRAMMING VIA MARTIAL ARTS AND MEDITATION, CHILDREN HAVE LEARNED THE SKILL AND VALUE OF A MEDITATIVE PRACTICE AND THE BENEFITS OF MARTIAL ARTS TRAINING AND DEVELOPMENT. WHILE ALL STUDENTS AT TGS MEDITATE (FOCUSED CONCENTRATION) AND LEARN GOAL SETTING AND CHARACTER DEVELOPMENT PRINCIPLES THROUGH THE PRACTICE AND PHILOSOPHY OF MARTIAL ARTS (RESPECT, PATIENCE, MODESTY, HONESTY, SELF-CONTROL, SELF-DISCIPLINE, FOCUS, BULLY PREVENTION, PHYSICAL FITNESS, ETC.), WE WERE ABLE TO TAKE OUR STUDENTS TO OUT-OF-STATE TOURNAMENTS AND NATIONAL COMPETITIONS - WHERE MANY OF OUR STUDENTS ALSO TRAVELING OUT OF STATE FOR THE FIRST TIME EARNED MEDALS AND HONORABLE MENTIONS.
  3. COMMUNITY OUTREACH EFFORTS CONTINUE AS WE SERVE MCKINNEY-VENTO FAMILIES THAT ARE EXPERIENCING HOMELESSNESS AS WELL WAS THOSE FAMILIES NOT DESIGNATED MCKINNEY-VENTO, YET ARE STILL IN NEED OF FOOD AND OTHER RESOURCES. WE ARE PROUD TO PROVIDE FOOD ON A MONTHLY BASIS AND MAKE IMPORTANT CONNECTIONS TO RESOURCES AROUND THE CITY DEPENDING ON NEED. THROUGH THESE EFFORTS, WE WERE ABLE TO SUPPORT OVER HALF OF OUR FAMILIES ENROLLED.

Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since January 2017.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.