Ampp Global Center Inc

Analysis

Ampp Global Center Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in April 1954, 72 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ampp Global Center Inc reported income of $42.8m and spending of $32.5m, leaving 24% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $41.1m to $42.8m (+4.2%), an average of +0.8% a year. The sharpest change came in the year to December 2021, when income rose by 227%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ampp Global Center Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Goodwill Industries of Southern Arizona Inc ($42.8m), Albedo Insurance Company Ic ($42.9m) and Harold Grinspoon Foundation ($42.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Other salaries and wages came to $516k. At year end it held assets of $77.1m against liabilities of $11.0m, net assets of $66.2m.