Anchor Scholarship Foundation

Analysis

Anchor Scholarship Foundation is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Anchor Scholarship Foundation reported income of $476k and spending of $379k, leaving 20% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $230k to $476k (+107%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 216%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anchor Scholarship Foundation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within VA. Charities of a similar size with the same main cause include Cape Cod Scholarship Inc ($476k), Grizzlies Booster Educational Foundation ($476k) and Swarthmore Friends Nursery School ($476k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $82k (22% of expenses). Other salaries and wages came to $49k. At year end it held assets of $2.0m against liabilities of $163k, net assets of $1.8m. It reported 3 employees.