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The phrase "amount of its" is correct and usable in written English.
It can be used when referring to a specific quantity or measure related to something previously mentioned.
Example: "The amount of its funding has significantly increased this year."
Alternatives: "quantity of its" or "total of its".
Exact(60)
"They know it's a dock town, it lost a certain amount of its industry.
With its uncountable number of magazines, and with the overwhelming amount of its revenues deriving from them, it's print.
Microsoft still needs Windows to flourish - it generates a huge amount of its revenues and profits.
Britain affirmed its commitment to the project, saying it would announce the amount of its contribution within a month.
It makes the vast amount of its money to this day on Internet searches.
EPA sends a huge amount of its budget to the states, where it is ultimately spent," said the official.
Walgreens hasn't disclosed the amount of its investment in Theranos, saying only that it isn't material.
The clandestine nature of the I.R.A. makes it difficult to estimate the amount of its weaponry with accuracy.
"It had lost a significant amount of its mortar," Gary Sorge of Vollmer Associates said of the tip.
KLM said it is impossible to estimate the amount of its full-year loss.
Many assumed it was because a tank spilled an "unspecified" amount of its 6.3m gallon capacity.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com