Anchor Bay Foundation

Analysis

Anchor Bay Foundation is a registered charity in United States, based in New Baltimore, MI. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Bay Foundation reported income of $79k and spending of $103k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $107k to $79k (-26%), an average of -7.3% a year. The sharpest change came in the year to December 2022, when income rose by 558%. Over the whole period it spent 30% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Anchor Bay Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Spirit Rising ($79k), John Papan Memorial ($79k) and Frank M Houck Trust Ua 2 0543bn ($79k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.