Anchor Program Fund Inc

Analysis

Anchor Program Fund Inc is a registered charity in United States, based in Lido Beach, NY. It received its IRS tax-exemption ruling in January 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 December 2023, Anchor Program Fund Inc reported income of $651k and spending of $505k, leaving 22% of income unspent that year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anchor Program Fund Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Alexander Hamilton Scholars ($651k), Sisters of the Imitation of Christ United States Mission Inc ($651k) and Missionary Supply Lines ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 23% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.5m against liabilities of $35k, net assets of $1.5m. It reported 1 employees.