Ambition Angels

Analysis

Ambition Angels is a registered charity in United States, based in E Palo Alto, CA. It received its IRS tax-exemption ruling in May 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Ambition Angels reported income of $1.2m and spending of $851k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $222k to $1.2m (+423%), an average of +423% a year. The sharpest change came in the year to December 2023, when income rose by 423%. Over the whole period it spent 73% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ambition Angels sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Epic Bible College Inc ($1.2m), Greenwich Ballet Academy Inc ($1.2m) and Montessori Society of Yakima ($1.2m).

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 $165k (19% of expenses). Other salaries and wages came to $46k. It paid $121k in professional fundraising fees. At year end it held assets of $540k against liabilities of $158k, net assets of $382k. It reported 4 employees.