Ambition Preparatory Charter School

Analysis

Ambition Preparatory Charter School is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in September 2018, 8 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, Ambition Preparatory Charter School reported income of $5.6m and spending of $5.3m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $246k to $5.6m (+2162%), an average of +118% a year. The sharpest change came in the year to June 2020, when income rose by 910%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ambition Preparatory Charter School sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within MS. Charities of a similar size with the same main cause include Montessori Society of Central MD Inc ($5.6m), Charles School ($5.6m) and Ignite Afterschool ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $156k (3.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $9.2m against liabilities of $7.3m, net assets of $1.9m. It reported 108 employees.