Anchor House Inc

Analysis

Anchor House Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1979, 47 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Anchor House Inc reported income of $4.1m and spending of $3.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.1m (+9.6%), an average of +2.3% a year. The sharpest change came in the year to June 2020, when income dropped by 19%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anchor House Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Urban League of Cleveland ($4.1m), Aveyron Homes Inc ($4.1m) and Lakeland Foundation ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 49% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $2.4m against liabilities of $3.0m, net assets of -$580k. It reported 66 employees.