Anchor House Foundation Inc

Analysis

Anchor House Foundation Inc is a registered charity in United States, based in Trenton, NJ. It received its IRS tax-exemption ruling in July 1989, 37 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 December 2023, Anchor House Foundation Inc reported income of $720k and spending of $877k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $514k to $720k (+40%), an average of +8.8% a year. The sharpest change came in the year to December 2020, when income rose by 44%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchor House Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Salem Dream Center ($720k), Clean Label Project Foundation ($720k) and Buena Vista Childrens Services ($720k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $82k (9.4% of expenses). At year end it held assets of $4.0m against liabilities of $7,000, net assets of $4.0m. It reported 2 employees.