Anika Foundation

Analysis

Anika Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2013, 13 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, Anika Foundation reported income of $484k and spending of $393k, spending 81% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $347k to $484k (+40%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anika Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Pro-Life Union of Greater Philadelphia ($484k), Spring of Hope International Inc ($484k) and Westerly Senior Citizen Center Association ($484k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $68k (17% of expenses). Other salaries and wages came to $7,292. At year end it held assets of $409k against liabilities of $0, net assets of $409k. It reported 4 employees.