Anchor Arts Management Inc

Analysis

Anchor Arts Management Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2024, Anchor Arts Management Inc reported income of $52k and spending of $46k, spending 88% of its income. Across the 5 years on record, from August 2020 to August 2024, income fell from $95k to $52k (-45%), an average of -14% a year. The sharpest change came in the year to August 2024, when income rose by 147%. Over the whole period it spent 109% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Anchor Arts Management Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 24th percentile within FL. Charities of a similar size with the same main cause include North County Coalition for the Arts ($52k), James Monroe Memorial Foundation ($52k) and Poetry Heals ($52k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $40k. At year end it held assets of $36k against liabilities of $0, net assets of $36k.