Ambient Funding Corp

Analysis

Ambient Funding Corp is a registered charity in United States, based in Airmont, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ambient Funding Corp reported income of $639k and spending of $467k, leaving 27% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $346k to $639k (+85%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ambient Funding Corp sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Jenkins Hill Child Development Center ($639k), Bertie K Kellogg Trust ($639k) and Meira Academy ($639k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.9% of the total. At year end it held assets of $981k against liabilities of $78k, net assets of $903k.