Anchor House Inc

Analysis

Anchor House Inc is a registered charity in United States, based in Seymour, IN. It received its IRS tax-exemption ruling in November 1990, 36 years ago. 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 House Inc reported income of $1.5m and spending of $1.5m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $539k to $1.5m (+181%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anchor House Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Portsmouth Electrical Joint Apprenticeship & Training Trust Fu ($1.5m), Social Science Research and Evaluation Inc ($1.5m) and Missionary Sisters of Saint Benedict Home for the Aged Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $66k (4.3% of expenses). Other salaries and wages came to $361k. At year end it held assets of $2.8m against liabilities of $318k, net assets of $2.5m. It reported 24 employees.