Saint Ambrose Academy

Analysis

Saint Ambrose Academy is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 2003, 23 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 July 2023, Saint Ambrose Academy reported income of $2.8m and spending of $2.2m, leaving 22% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $1.3m to $2.8m (+113%), an average of +21% a year. The sharpest change came in the year to July 2020, when income rose by 94%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Saint Ambrose Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WI. Charities of a similar size with the same main cause include California Interscholastic Federation San Diego Section ($2.8m), Cincinnati Ohio Electrical Joint Apprenticeship & Training Trust Fu ($2.8m) and Pathways High Inc ($2.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 57% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $102k (4.7% of expenses). Other salaries and wages came to $786k. At year end it held assets of $5.8m against liabilities of $406k, net assets of $5.4m. It reported 37 employees.