Anderson Center Services Inc

Analysis

Anderson Center Services Inc is a registered charity in United States, based in Staatsburg, NY. It received its IRS tax-exemption ruling in August 1989, 37 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, Anderson Center Services Inc reported income of $44.1m and spending of $43.3m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.3m to $44.1m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anderson Center Services Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Greater Lawrence Community Action Council Inc ($44.0m), Womens League Community Residences Inc ($44.2m) and Hospice of Wake County Inc ($44.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $590k (1.4% of expenses). Other salaries and wages came to $24.2m. At year end it held assets of $41.7m against liabilities of $36.8m, net assets of $4.9m. It reported 376 employees.