Ambassadors for Business

Analysis

Ambassadors for Business is a registered charity in United States, based in Chaska, MN. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ambassadors for Business reported income of $62k and spending of $96k, spending 153% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $437k to $62k (-86%), an average of -62% a year. The sharpest change came in the year to December 2022, when income dropped by 91%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ambassadors for Business sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Society of Saint Vincent de Paul in the Archdiocese of Boston ($62k), Kearsarge Regional Ecumenical Ministry ($62k) and Outcast Redeemed Inc ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $19k (20% of expenses). Other salaries and wages came to $21k. At year end it held assets of $59k against liabilities of $31k, net assets of $28k. It reported 3 employees.