Amber Education Fund Inc

Analysis

Amber Education Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Amber Education Fund Inc reported income of $4.7m and spending of $599k, leaving 87% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $361k to $4.7m (+1196%), an average of +90% a year. The sharpest change came in the year to June 2022, when income rose by 2938%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Amber Education Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Ethos Academy a Challenge Foundation Academy Inc ($4.7m), 21st Century Partnership for STEM Education ($4.7m) and Polaris Tech Charter School ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 4.9% of the total. At year end it held assets of $73.1m against liabilities of $70.3m, net assets of $2.8m.