Anchor Ministries Inc

Analysis

Anchor Ministries Inc is a registered charity in United States, based in Cartersville, GA. It received its IRS tax-exemption ruling in April 2022, 4 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, Anchor Ministries Inc reported income of $76k and spending of $71k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $76k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchor Ministries Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within GA. Charities of a similar size with the same main cause include First Impressions Family Day Care ($75k), Dawson County Rotary Foundation Inc ($76k) and Angel Guardians for the Elderly Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,323 against liabilities of $0, net assets of $8,323.