Anchal Inc

Analysis

Anchal Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in December 2010, 16 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, Anchal Inc reported income of $980k and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $747k to $980k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 22%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchal Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within KY. Charities of a similar size with the same main cause include Broward Childrens Center Suporting Foundation Inc ($980k), Allen Council on Aging Inc ($980k) and Choose Kindness Foundation ($979k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $182k (17% of expenses). Other salaries and wages came to $228k. At year end it held assets of $387k against liabilities of $9,529, net assets of $377k. It reported 9 employees.