Anchored in Hope

Analysis

Anchored in Hope is a registered charity in United States, based in Lake Forest, IL. It received its IRS tax-exemption ruling in May 2005, 21 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Anchored in Hope reported income of $182k and spending of $178k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $115k to $182k (+58%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Anchored in Hope sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within IL. Charities of a similar size with the same main cause include Easton Recreation Basketball League Inc ($182k), Farm League Play It Forward ($182k) and Friends of the Cascade-Siskiyou National Monument ($181k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $32k. At year end it held assets of $426k against liabilities of $0, net assets of $426k. It reported 5 employees.