Amplify Inc

Analysis

Amplify Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in October 1976, 50 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Amplify Inc reported income of $1.3m and spending of $1.3m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.3m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amplify Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Plumbers & Steamfitters Local 375 Joint Apprenticeship & Journeyman ($1.3m), Ihope Intentional Houston Opportunities Promote Empwrmnt Inc ($1.3m) and Iowa Motor Carriers Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $89k (7.0% of expenses). Other salaries and wages came to $192k. At year end it held assets of $1.4m against liabilities of $335k, net assets of $1.1m. It reported 9 employees.