Anchored 619 in Allegiance Inc

Analysis

Anchored 619 in Allegiance Inc is a registered charity in United States, based in Hot Springs, AR. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anchored 619 in Allegiance Inc reported income of $566k and spending of $531k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $98k to $566k (+475%), an average of +79% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anchored 619 in Allegiance Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within AR. Charities of a similar size with the same main cause include Holland Christian Home Foundation Inc ($566k), Asia Pacific Language School ($566k) and 232-Help Inc ($566k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 80% of the total. Other salaries and wages came to $336k. At year end it held assets of $99k against liabilities of $7,727, net assets of $92k. It reported 21 employees.