Ambassadors Fund for Catholic Education

Analysis

Ambassadors Fund for Catholic Education is a registered charity in United States, based in Wayne, PA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ambassadors Fund for Catholic Education reported income of $3.7m and spending of $2.6m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.7m to $3.7m (-44%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 53%. Over the whole period it spent 39% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ambassadors Fund for Catholic Education sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Universal Technology College of Puerto Rico Inc ($3.7m), Riverside School Inc ($3.7m) and Germanna Community College Educational Foundation Inc ($3.7m).

At year end it held assets of $85.0m against liabilities of $114k, net assets of $84.9m.