The Anchor Cross Cancer Foundation

Analysis

The Anchor Cross Cancer Foundation is a registered charity in United States, based in Daphne, AL. It received its IRS tax-exemption ruling in April 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 December 2023, The Anchor Cross Cancer Foundation reported income of $377k and spending of $256k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $377k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 3916%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Anchor Cross Cancer Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Clinica Medica Moscati ($377k), Southern Assoc for Vascular Surgery Inc ($377k) and Tennessee County Clerks Organ Donor Awareness Foundation ($377k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Compensation of current officers, directors and key employees was $66k (26% of expenses). At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.