AMPERSAND
$94.32M
2025-2026 cycle
AMPERSAND is a political services vendor. In the 2025-2026 cycle AMPERSAND was paid $94.32M across 113 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
$94.32M
=
$85.77M
(Schedule B)
+
$8.55M
(Independent Expenditures)
| Schedule B direct committee payments |
$85,770,709 | 437 rows | 90.9% |
| Independent Expenditures money this entity spent supporting candidates, NOT a committee paying them |
$8,553,623 | 94 rows | 9.1% |
- Activity span ALL TIME
- Jan 2, 2020 → Jul 31, 2026
- spans 6.6 years
- Disbursements ALL TIME
- 437
- Schedule B + IE rows
- Client committees ALL TIME
- 113
- 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.
Aug 2025
Jul 2026
$40.70M
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 5
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| STEYER FOR GOVERNOR 2026 1485077 |
$1,979,768 | 5 |
| A MORE AFFORDABLE CALIFORNIA, SPONSORED BY UBER 1484835 |
$190,073 | 1 |
| FRYDAY FOR LT. GOVERNOR 2026; JOSH 1479464 |
$52,594 | 2 |
| GOLDEN STATE PROMISE - NO ON PROP 40 1486695 |
$46,639 | 2 |
| 842149 842149 |
$29,206 | 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 |
$13,738,619 | 55 |
| STEYER FOR GOVERNOR 2026, A COALITION OF HOUSING ADVOCATES, LABOR AND SMALL BUSINESS; CALIFORNIA IS NOT FOR SALE, NO ON 1489677 |
$4,145,177 | 11 |
| A MORE AFFORDABLE CALIFORNIA, SPONSORED BY UBER 1484835 |
$2,858,695 | 15 |
| SWALWELL FOR GOVERNOR 2026; CALIFORNIANS FOR A FIGHTER IN SUPPORT OF ERIC 1488732 |
$1,796,042 | 4 |
| BECERRA FOR GOVERNOR 2026 SPONSORED BY LABOR AND COMMUNITY HEALTH ORGANIZATIONS; WORKING FAMILIES FOR HEALTHY COMMUNITIES SUPPORTING 1490885 |
$1,571,808 | 4 |
| KOUNALAKIS FOR TREASURER 2026; ELENI 1483008 |
$1,364,888 | 5 |
| PORTER FOR GOVERNOR 2026; KATIE 1479597 |
$1,100,655 | 7 |
| MA FOR LIEUTENANT GOVERNOR 2026; FIONA 1457360 |
$548,789 | 3 |
| GOLDSMITH FOR STATE SENATE 2026; CALIFORNIANS IN SUPPORT OF BRIAN 1485542 |
$450,594 | 5 |
| MAHAN FOR GOVERNOR 2026; CALIFORNIA BACK TO BASICS SUPPORTING MATT 1487425 |
$425,388 | 2 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 12 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| STEYER FOR GOVERNOR 2026 1485077 |
$16,232,216 | 72 |
| STEYER FOR GOVERNOR 2026, A COALITION OF HOUSING ADVOCATES, LABOR AND SMALL BUSINESS; CALIFORNIA IS NOT FOR SALE, NO ON 1489677 |
$4,145,177 | 11 |
| NEWSOM'S BALLOT MEASURE COMMITTEE; YES ON PROP 1 - GOVERNOR 1380675 |
$4,026,232 | 7 |
| A MORE AFFORDABLE CALIFORNIA, SPONSORED BY UBER 1484835 |
$2,858,695 | 15 |
| 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 |
| BECERRA FOR GOVERNOR 2026 SPONSORED BY LABOR AND COMMUNITY HEALTH ORGANIZATIONS; WORKING FAMILIES FOR HEALTHY COMMUNITIES SUPPORTING 1490885 |
$1,571,808 | 4 |
| KOUNALAKIS FOR TREASURER 2026; ELENI 1483008 |
$1,364,888 | 5 |
| PORTER FOR GOVERNOR 2026; KATIE 1479597 |
$1,100,655 | 7 |
| 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 |
$16,232,216 | 72 |
| STEYER FOR GOVERNOR 2026, A COALITION OF HOUSING ADVOCATES, LABOR AND SMALL BUSINESS; CALIFORNIA IS NOT FOR SALE, NO ON 1489677 |
$4,145,177 | 11 |
| NEWSOM'S BALLOT MEASURE COMMITTEE; YES ON PROP 1 - GOVERNOR 1380675 |
$4,026,232 | 7 |
| A MORE AFFORDABLE CALIFORNIA, SPONSORED BY UBER 1484835 |
$2,858,695 | 15 |
| 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 |
| BECERRA FOR GOVERNOR 2026 SPONSORED BY LABOR AND COMMUNITY HEALTH ORGANIZATIONS; WORKING FAMILIES FOR HEALTHY COMMUNITIES SUPPORTING 1490885 |
$1,571,808 | 4 |
| KOUNALAKIS FOR TREASURER 2026; ELENI 1483008 |
$1,364,888 | 5 |
| PORTER FOR GOVERNOR 2026; KATIE 1479597 |
$1,100,655 | 7 |
| PROTECT VOTERS FIRST, SPONSORED BY HOLD POLITICIANS ACCOUNTABLE 1381029 |
$924,009 | 4 |
VIEW 1 DIAGRAM DECORATIVE
Top buyers last 24 months · top 10
VIEW 2 TABLE EXPORTABLE
| Filer | Total spend | Disbursements |
|---|---|---|
| STEYER FOR GOVERNOR 2026 1485077 |
$16,232,216 | 72 |
| STEYER FOR GOVERNOR 2026, A COALITION OF HOUSING ADVOCATES, LABOR AND SMALL BUSINESS; CALIFORNIA IS NOT FOR SALE, NO ON 1489677 |
$4,145,177 | 11 |
| NEWSOM'S BALLOT MEASURE COMMITTEE; YES ON PROP 1 - GOVERNOR 1380675 |
$4,026,232 | 7 |
| NO ON 33, CALIFORNIANS FOR RESPONSIBLE HOUSING: A BI-PARTISAN COALITION OF AFFORDABLE HOUSING ADVOCATES, TAXPAYERS, VETERANS, AND SMALL BUSINESSES, SPONSORED BY CALIFORNIA APARTMENT ASSOCIATION 1421884 |
$3,924,511 | 6 |
| A MORE AFFORDABLE CALIFORNIA, SPONSORED BY UBER 1484835 |
$2,858,695 | 15 |
| 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 |
| BECERRA FOR GOVERNOR 2026 SPONSORED BY LABOR AND COMMUNITY HEALTH ORGANIZATIONS; WORKING FAMILIES FOR HEALTHY COMMUNITIES SUPPORTING 1490885 |
$1,571,808 | 4 |
| KOUNALAKIS FOR TREASURER 2026; ELENI 1483008 |
$1,364,888 | 5 |
| PORTER FOR GOVERNOR 2026; KATIE 1479597 |
$1,100,655 | 7 |
By party
Revenue by party
D · 135%
R · -35%
| Party | Amount | % |
|---|---|---|
| Democratic | $372,348 | 0.39% |
| Republican | -$97,209 | -0.10% |
| Non-partisan | $94,049,193 | 99.71% |
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 4mo 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 | CALIFORNIANS TO STOP HIGHER… 56% | Other / Unclassified 99% | $3.56M | — |
| 2020 | Q4 | 2020 | $6.87M | 41 | CALIFORNIANS FOR SAFER COMM… 31% | Other / Unclassified 91% | $10M | — |
| 2021 | Q1 | 2020 | $654K | 5 | SCHOOLS AND COMMUNITIES FIR… 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 | NURSES AND EDUCATORS FOR A … 98% | Other / Unclassified 65% | $181K | -68% |
| 2022 | Q2 | 2022 | $5.95M | 30 | CALIFORNIANS FOR TRIBAL SOV… 75% | Other / Unclassified 88% | $6.13M | — |
| 2022 | Q3 | 2022 | $10M | 21 | CALIFORNIANS FOR TRIBAL SOV… 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 33, CALIFORNIANS FOR … 69% | Other / Unclassified 86% | $4.15M | -73% |
| 2024 | Q4 | 2024 | $4.5M | 31 | NO ON 33, CALIFORNIANS FOR … 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 | $24M | 126 | STEYER FOR GOVERNOR 2026 50% | Media 66% | $30M | — |
| 2026 | Q3 | 2026 | $2.08M | 9 | STEYER FOR GOVERNOR 2026 95% | Media 95% | $32M | -25% |
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 | 54.2% | CALIFORNIANS FOR TRIBAL SOV… 25% | 5mo ago |
| Media | $28,885,987 | 185 | $156K | 36.2% | STEYER FOR GOVERNOR 2026 56% | 5w ago |
| Digital | $7,248,092 | 48 | $151K | 9.1% | STEYER FOR GOVERNOR 2026, A… 57% | 3mo ago |
| Admin & Office | $1,252,108 | 13 | $96K | 1.6% | UBER INNOVATION POLITICAL A… 41% | 3mo ago |
| Strategy & Research | -$352,993 | 14 | $-25K | -0.4% | SPECIAL OPERATIONS FOR AMER… 0% | 3y ago |
| Contributions & Transfers | -$477,371 | 2 | $-239K | -0.6% | PROTECT APP-BASED DRIVERS A… 0% | 20mo 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
$2,137,237 · 2% of revenue
104
One-time clients 1 cycle
$82,705,052 · 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 | $85,017,144 | 99.1% | 98 | |
| 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 | CALIFORNIANS FOR TRIBAL SOVEREIGNTY, SPONSORED BY THE SAN MANUEL BAND OF MISSION INDIANS | 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 | CALIFORNIANS FOR TRIBAL SOVEREIGNTY, SPONSORED BY THE SAN MANUEL BAND OF MISSION INDIANS | Other / Unclassified | — | $2,264,400 |
| Largest all-time | 2022-05-02 | CALIFORNIANS FOR TRIBAL SOVEREIGNTY, SPONSORED BY THE SAN MANUEL BAND OF MISSION INDIANS | Other / Unclassified | — | $2,223,263 |
| Largest this cycle | 2026-05-21 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $997,931 |
| Largest this cycle | 2026-05-11 | BECERRA FOR GOVERNOR 2026 SPONSORED BY LABOR AND COMMUNITY HEALTH ORGANIZATIONS; WORKING FAMILIES FOR HEALTHY COMMUNITIES SUPPORTING | Media | TV & Digital Ads | $971,269 |
| Largest this cycle | 2026-07-31 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $853,741 |
| Largest this cycle | 2026-05-21 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $850,000 |
| Largest this cycle | 2026-07-31 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $792,684 |
| Recent | 2026-07-31 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $140,134 |
| Recent | 2026-07-31 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $127,500 |
| Recent | 2026-07-31 | STEYER FOR GOVERNOR 2026 | Media | TV Ad Buy | $65,710 |
| Recent | 2026-07-31 | FRYDAY FOR LT. GOVERNOR 2026; JOSH | — | — | $27,094 |
| Recent | 2026-07-31 | GOLDEN STATE PROMISE - NO ON PROP 40 | — | — | $9,681 |