Amplio Foundation

Analysis

Amplio Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 2020, 6 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Amplio Foundation reported income of $118k and spending of $442k, spending 374% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $15k to $118k (+698%), an average of +698% a year. The sharpest change came in the year to December 2023, when income rose by 698%. Over the whole period it spent 417% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Amplio Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Holdrege Memorial Homes Foundation ($118k), National Sorority of Phi Delta Kappa Inc ($118k) and Semper Fi Flo Foundation ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. At year end it held assets of $5,315 against liabilities of $0, net assets of $5,315.