Anchor House Inc of Polk County

Analysis

Anchor House Inc of Polk County is a registered charity in United States, based in Auburndale, FL. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 March 2023, Anchor House Inc of Polk County reported income of $2.0m and spending of $1.5m, leaving 28% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $926k to $2.0m (+119%), an average of +22% a year. The sharpest change came in the year to March 2021, when income rose by 61%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anchor House Inc of Polk County sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Wynks Corporation ($2.0m), Bustleton Mental Health Instituteinc ($2.0m) and National Pert Consortium Inc ($2.0m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $89k (6.1% of expenses). Other salaries and wages came to $880k. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 59 employees.