Ambassador Baptist College

Analysis

Ambassador Baptist College is a registered charity in United States, based in Shelby, NC. It received its IRS tax-exemption ruling in December 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ambassador Baptist College reported income of $2.6m and spending of $2.6m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $2.6m (+46%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ambassador Baptist College sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NC. Charities of a similar size with the same main cause include Codecrew ($2.6m), Foundation for Civic Leadership Inc ($2.6m) and Spida Inc ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $128k (5.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.3m against liabilities of $128k, net assets of $3.2m. It reported 120 employees.