AMPERSAND
$87.68M
2025-2026 cycle
AMPERSAND is a political services vendor. In the 2025-2026 cycle AMPERSAND was paid $87.68M across 110 client committees, of which $8.55M flowed through Independent Expenditures rather than direct committee payments.
Part I Identity
Stable facts about this entity. These figures do not change as you adjust the timeframe in Part II.
Source split
$87.68M
=
$79.13M
(Schedule B)
+
$8.55M
(Independent Expenditures)
| Schedule B direct committee payments |
$79,127,534 | 401 rows | 90.2% |
| Independent Expenditures money this entity spent supporting candidates, NOT a committee paying them |
$8,553,623 | 94 rows | 9.8% |
- Activity span ALL TIME
- Jan 2, 2020 → May 21, 2026
- spans 6.4 years
- Disbursements ALL TIME
- 401
- Schedule B + IE rows
- Client committees ALL TIME
- 110
- distinct payers
Part II Activity in selected window
One timeframe control governs all three panels below. Change it once and the trajectory, top buyers, and party breakdown all update together.
Spend trajectory
Monthly spend to this vendor over the last 12 months.
Jun 2025
May 2026
$34.05M
across 12 months
Top buyers
Two views of the same data — diagram and table share the time-window control and the same top-buyers slice. Click "View all buyers in research" to drill in with the matching date range.
No buyer activity in this window.
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 3 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| STEYER FOR GOVERNOR 2026 1485077 |
$4,124,322 | 12 |
| CALIFORNIANS FOR THE PEOPLE, SPONSORED BY BUSINESS OWNERS AND CONCERNED CITIZENS 1489677 |
$1,616,053 | 6 |
| KOUNALAKIS FOR TREASURER 2026; ELENI 1483008 |
$1,090,629 | 4 |
| PORTER FOR GOVERNOR 2026; KATIE 1479597 |
$837,705 | 4 |
| GOLDSMITH FOR STATE SENATE 2026; PROGRESSIVE LEADERSHIP FOR US, BRIAN 1485542 |
$450,594 | 5 |
| MA FOR LIEUTENANT GOVERNOR 2026; FIONA 1457360 |
$281,699 | 1 |
| CALIFORNIA LEADS 1478581 |
$156,105 | 3 |
| COALITION TO RESTORE CALIFORNIA'S MIDDLE CLASS, INCLUDING ENERGY COMPANIES WHO PRODUCE GAS, OIL, JOBS AND PAY TAXES 1365275 |
$83,850 | 1 |
| BECERRA FOR GOVERNOR 2026 SPONSORED BY LABOR AND COMMUNITY HEALTH ORGANIZATIONS; WORKING FAMILIES FOR HEALTHY COMMUNITIES SUPPORTING 1490885 |
$69,803 | 1 |
| GOLDSMITH FOR STATE SENATE 2026; BRIAN 1480404 |
$68,752 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 6 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| STEYER FOR GOVERNOR 2026 1485077 |
$14,252,448 | 67 |
| CALIFORNIANS FOR THE PEOPLE, SPONSORED BY BUSINESS OWNERS AND CONCERNED CITIZENS 1489677 |
$4,145,177 | 11 |
| SWALWELL FOR GOVERNOR 2026; CALIFORNIANS FOR A FIGHTER IN SUPPORT OF ERIC 1488732 |
$1,796,042 | 4 |
| PORTER FOR GOVERNOR 2026; KATIE 1479597 |
$1,100,655 | 7 |
| KOUNALAKIS FOR TREASURER 2026; ELENI 1483008 |
$1,090,629 | 4 |
| A MORE AFFORDABLE CALIFORNIA, SPONSORED BY UBER 1484835 |
$766,143 | 4 |
| GOLDSMITH FOR STATE SENATE 2026; PROGRESSIVE LEADERSHIP FOR US, BRIAN 1485542 |
$450,594 | 5 |
| MAHAN FOR GOVERNOR 2026; CALIFORNIA BACK TO BASICS SUPPORTING MATT 1487425 |
$425,388 | 2 |
| GOLDSMITH FOR STATE SENATE 2026; BRIAN 1480404 |
$366,422 | 5 |
| MA FOR LIEUTENANT GOVERNOR 2026; FIONA 1457360 |
$281,699 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 12 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| STEYER FOR GOVERNOR 2026 1485077 |
$14,252,448 | 67 |
| CALIFORNIANS FOR THE PEOPLE, SPONSORED BY BUSINESS OWNERS AND CONCERNED CITIZENS 1489677 |
$4,145,177 | 11 |
| NEWSOM'S BALLOT MEASURE COMMITTEE; GOVERNOR 1380675 |
$4,026,232 | 7 |
| STEYER, THOMAS F. 1252916 |
$2,790,886 | 5 |
| SWALWELL FOR GOVERNOR 2026; CALIFORNIANS FOR A FIGHTER IN SUPPORT OF ERIC 1488732 |
$1,796,042 | 4 |
| PORTER FOR GOVERNOR 2026; KATIE 1479597 |
$1,100,655 | 7 |
| KOUNALAKIS FOR TREASURER 2026; ELENI 1483008 |
$1,090,629 | 4 |
| YES ON 54 - VOTERS FIRST, NOT SPECIAL INTERESTS - SPONSORED BY HOLD POLITICIANS ACCOUNTABLE 1381029 |
$924,009 | 4 |
| A MORE AFFORDABLE CALIFORNIA, SPONSORED BY UBER 1484835 |
$766,143 | 4 |
| STOP SACRAMENTO'S POWER GRAB 1483178 |
$639,833 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 18 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| STEYER FOR GOVERNOR 2026 1485077 |
$14,252,448 | 67 |
| CALIFORNIANS FOR THE PEOPLE, SPONSORED BY BUSINESS OWNERS AND CONCERNED CITIZENS 1489677 |
$4,145,177 | 11 |
| NEWSOM'S BALLOT MEASURE COMMITTEE; GOVERNOR 1380675 |
$4,026,232 | 7 |
| STEYER, THOMAS F. 1252916 |
$2,790,886 | 5 |
| SWALWELL FOR GOVERNOR 2026; CALIFORNIANS FOR A FIGHTER IN SUPPORT OF ERIC 1488732 |
$1,796,042 | 4 |
| PORTER FOR GOVERNOR 2026; KATIE 1479597 |
$1,100,655 | 7 |
| KOUNALAKIS FOR TREASURER 2026; ELENI 1483008 |
$1,090,629 | 4 |
| YES ON 54 - VOTERS FIRST, NOT SPECIAL INTERESTS - SPONSORED BY HOLD POLITICIANS ACCOUNTABLE 1381029 |
$924,009 | 4 |
| A MORE AFFORDABLE CALIFORNIA, SPONSORED BY UBER 1484835 |
$766,143 | 4 |
| STOP SACRAMENTO'S POWER GRAB 1483178 |
$639,833 | 1 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 24 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| STEYER FOR GOVERNOR 2026 1485077 |
$14,252,448 | 67 |
| NO ON PROP 21: CALIFORNIANS FOR RESPONSIBLE HOUSING, A COALITION OF SENIORS, VETERANS, AFFORDABLE HOUSING ADVOCATES, LABOR & SOCIAL JUSTICE ORGANIZATIONS, SPONSORED BY CALIFORNIA APARTMENT ASSOCIATION 1421884 |
$4,460,493 | 7 |
| CALIFORNIANS FOR THE PEOPLE, SPONSORED BY BUSINESS OWNERS AND CONCERNED CITIZENS 1489677 |
$4,145,177 | 11 |
| NEWSOM'S BALLOT MEASURE COMMITTEE; GOVERNOR 1380675 |
$4,026,232 | 7 |
| STEYER, THOMAS F. 1252916 |
$2,790,886 | 5 |
| SWALWELL FOR GOVERNOR 2026; CALIFORNIANS FOR A FIGHTER IN SUPPORT OF ERIC 1488732 |
$1,796,042 | 4 |
| PORTER FOR GOVERNOR 2026; KATIE 1479597 |
$1,100,655 | 7 |
| KOUNALAKIS FOR TREASURER 2026; ELENI 1483008 |
$1,090,629 | 4 |
| YES ON 54 - VOTERS FIRST, NOT SPECIAL INTERESTS - SPONSORED BY HOLD POLITICIANS ACCOUNTABLE 1381029 |
$924,009 | 4 |
| A MORE AFFORDABLE CALIFORNIA, SPONSORED BY UBER 1484835 |
$766,143 | 4 |
By party
Revenue by party
D · 135%
R · -35%
| Party | Amount | % |
|---|---|---|
| Democratic | $375,548 | 0.43% |
| Republican | -$98,045 | -0.11% |
| Non-partisan | $87,403,654 | 99.68% |
Part III Reference tables
Full all-time and cycle-to-date data.
People at this agency 0 buyers · 1 leadership
Leadership 1
Founders, partners, chiefs — for strategic / partnership conversations.
ampersandstrategies.com · LinkedIn company page · updated 2mo ago
Money flow through this vendor
Where their ad buys point
IE payers (left) → races the buys targeted (right) · independent-expenditure filings onlyNo activity in the last 1 months.
No activity in the last 3 months.
No activity in the last 6 months.
Outflow is on record for the last 12 months, but no itemized payers are.
Outflow is on record for the last 18 months, but no itemized payers are.
Outflow is on record for the last 24 months, but no itemized payers are.
Cycle-over-cycle trajectory
current cycle earlier election cycle off-cycle year quarterly · 6 years
Per-quarter totals
| Year | Q | Cycle | Total | Txns | Top buyer · share | Top category · share | Cum. (cycle) | YoY % |
|---|---|---|---|---|---|---|---|---|
| 2020 | Q1 | 2020 | $519K | 12 | DEVAL FOR ALL 29% | Media 69% | $519K | — |
| 2020 | Q3 | 2020 | $3.04M | 12 | NO ON PROP 15 - STOP HIGHER… 56% | Other / Unclassified 99% | $3.56M | — |
| 2020 | Q4 | 2020 | $6.87M | 41 | CALIFORNIANS AGAINST THE RE… 31% | Other / Unclassified 91% | $10M | — |
| 2021 | Q1 | 2020 | $654K | 5 | YES ON 15 - SCHOOLS AND COM… 92% | Other / Unclassified 92% | $11M | — |
| 2021 | Q2 | 2020 | $1.31M | 5 | COX FOR GOVERNOR 2021, INC.… 67% | Other / Unclassified 99% | $12M | — |
| 2021 | Q3 | 2020 | $879K | 4 | NEWSOM; STOP THE REPUBLICAN… 71% | Other / Unclassified 100% | $13M | — |
| 2021 | Q3 | 2022 | $16K | 3 | CITIZENS FOR CHUCK GRAY 100% | Media 100% | $16K | — |
| 2022 | Q1 | 2022 | $165K | 5 | JONES-SAWYER FOR ASSEMBLY 2… 98% | Other / Unclassified 65% | $181K | -68% |
| 2022 | Q2 | 2022 | $5.95M | 30 | NO ON 27 - CALIFORNIANS FOR… 75% | Other / Unclassified 88% | $6.13M | — |
| 2022 | Q3 | 2022 | $10M | 21 | NO ON 27 - CALIFORNIANS FOR… 47% | Other / Unclassified 97% | $16M | +237% |
| 2022 | Q4 | 2022 | $6.78M | 34 | TAXPAYERS AGAINST SPECIAL I… 45% | Other / Unclassified 89% | $23M | -1% |
| 2024 | Q1 | 2024 | $1.38M | 21 | NEWSOM'S BALLOT MEASURE COM… 37% | Other / Unclassified 54% | $1.38M | +738% |
| 2024 | Q3 | 2024 | $2.76M | 12 | NO ON PROP 21: CALIFORNIANS… 69% | Other / Unclassified 86% | $4.15M | -73% |
| 2024 | Q4 | 2024 | $4.5M | 31 | NO ON PROP 21: CALIFORNIANS… 57% | Other / Unclassified 78% | $8.65M | -34% |
| 2025 | Q3 | 2024 | $2.08M | 8 | NEWSOM'S BALLOT MEASURE COM… 50% | Digital 50% | $11M | — |
| 2025 | Q4 | 2024 | $6.44M | 11 | NEWSOM'S BALLOT MEASURE COM… 47% | Media 43% | $17M | — |
| 2026 | Q1 | 2026 | $6.55M | 29 | STEYER FOR GOVERNOR 2026 38% | Media 65% | $6.55M | +374% |
| 2026 | Q2 | 2026 | $19M | 99 | STEYER FOR GOVERNOR 2026 62% | Media 70% | $26M | — |
Revenue by service category
No category revenue in this window.
Per-category breakdown · cycle-to-date
| Category | Total spend | Txns | Avg check | % of total | Top buyer · share | Last paid |
|---|---|---|---|---|---|---|
| Other / Unclassified | $43,226,746 | 140 | $309K | 57.3% | NO ON 27 - CALIFORNIANS FOR… 25% | 4mo ago |
| Media | $24,645,091 | 169 | $146K | 32.7% | STEYER FOR GOVERNOR 2026 58% | 2mo ago |
| Digital | $7,248,092 | 48 | $151K | 9.6% | CALIFORNIANS FOR THE PEOPLE… 57% | 2mo ago |
| Admin & Office | $1,148,038 | 11 | $104K | 1.5% | UBER INNOVATION POLITICAL A… 45% | 2mo ago |
| Strategy & Research | -$352,993 | 14 | $-25K | -0.5% | SPECIAL OPERATIONS FOR AMER… 0% | 3y ago |
| Contributions & Transfers | -$477,371 | 2 | $-239K | -0.6% | YES ON 22 - SAVE APP-BASED … 0% | 19mo ago |
Client retention
Sticky-relationship signal: how many clients keep coming back across cycles vs one-time buyers.
1
Anchor clients 3+ cycles
$928,420 · 1% of revenue
6
Repeat clients 2 cycles
$2,053,614 · 3% of revenue
101
One-time clients 1 cycle
$76,145,500 · 96% of revenue
Top 1 anchor clients · all-time
| Client | Cycles | All-time spend | Txns | First paid | Last paid |
|---|---|---|---|---|---|
| COALITION TO RESTORE CALIFORNIA'S MIDDLE CLASS, INCLUDING ENERGY COMPANIES WHO PRODUCE GAS, OIL, JOBS AND PAY TAXES | 3 | $928,420 | 5 | 2020-02-03 | 2026-05-06 |
Geographic concentration
Where this vendor's clients are based — federal committees by state, plus implicit jurisdiction for CA and TX state filers.
| State | Total spend | % of revenue | Clients | |
|---|---|---|---|---|
| CA | $78,373,970 | 99.0% | 95 | |
| IL | $251,690 | 0.3% | 2 | |
| MA | $148,550 | 0.2% | 1 | |
| TX | $113,538 | 0.1% | 3 | |
| DE | $104,514 | 0.1% | 1 | |
| DC | $89,252 | 0.1% | 1 | |
| WY | $15,719 | 0.0% | 1 | |
| WI | $13,949 | 0.0% | 1 | |
| OH | $6,858 | 0.0% | 1 | |
| FL | $6,397 | 0.0% | 1 | |
| SC | $3,097 | 0.0% | 1 |
Notable disbursements
5 largest all-time · 5 largest in the current cycle · 5 most recent. Each row earns its place.
| Reason | Date | Filer | Category | Purpose | Amount |
|---|---|---|---|---|---|
| Largest all-time | 2022-09-29 | NO ON 27 - CALIFORNIANS FOR TRIBAL SOVEREIGNTY AND SAFE GAMING, SPONSORED BY TRIBAL ORGANIZATIONS | Other / Unclassified | — | $3,613,350 |
| Largest all-time | 2022-08-18 | TAXPAYERS AGAINST SPECIAL INTEREST MONOPOLIES, A COMMITTEE SPONSORED BY LICENSED CARD CLUBS | Other / Unclassified | — | $2,807,646 |
| Largest all-time | 2022-10-14 | TAXPAYERS AGAINST SPECIAL INTEREST MONOPOLIES, A COMMITTEE SPONSORED BY LICENSED CARD CLUBS | Other / Unclassified | — | $2,778,414 |
| Largest all-time | 2022-05-02 | NO ON 27 - CALIFORNIANS FOR TRIBAL SOVEREIGNTY AND SAFE GAMING, SPONSORED BY TRIBAL ORGANIZATIONS | Other / Unclassified | — | $2,264,400 |
| Largest all-time | 2022-05-02 | NO ON 27 - CALIFORNIANS FOR TRIBAL SOVEREIGNTY AND SAFE GAMING, SPONSORED BY TRIBAL ORGANIZATIONS | Other / Unclassified | — | $2,223,263 |
| Largest this cycle | 2026-05-21 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $997,931 |
| Largest this cycle | 2026-05-21 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $850,000 |
| Largest this cycle | 2026-04-23 | STEYER FOR GOVERNOR 2026 | Media | Ad Buy | $777,436 |
| Largest this cycle | 2026-04-23 | STEYER FOR GOVERNOR 2026 | Media | Ad Buy | $749,062 |
| Largest this cycle | 2026-05-21 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $722,500 |
| Recent | 2026-05-21 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $591,059 |
| Recent | 2026-05-21 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $111,003 |
| Recent | 2026-05-21 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $75,251 |
| Recent | 2026-05-21 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $34,137 |