Anchor House Inc

Analysis

Anchor House Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in March 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 $2.9m and spending of $2.5m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $2.9m (+20%), an average of +4.8% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchor House Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Quiet Oaks ($2.9m), Catholic Charities of Southeast Texas ($2.9m) and A Gift From Ben Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $164k (6.4% of expenses). Other salaries and wages came to $1.2m. It paid $84k in professional fundraising fees. At year end it held assets of $4.4m against liabilities of $214k, net assets of $4.2m. It reported 46 employees.