Anacortes Family Center

Analysis

Anacortes Family Center is a registered charity in United States, based in Anacortes, WA. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Anacortes Family Center reported income of $3.3m and spending of $1.8m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.3m (+106%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 346%. Over the whole period it spent 38% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Anacortes Family Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within WA. Charities of a similar size with the same main cause include Vernella Transitional Home ($3.3m), Kings Daughters & Sons Housing Inc ($3.3m) and Center for Independent Living of Broward Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $175k (9.6% of expenses). Other salaries and wages came to $603k. At year end it held assets of $17.6m against liabilities of $1.4m, net assets of $16.2m. It reported 14 employees.