Anphon Corporation

Analysis

Anphon Corporation is a registered charity in United States, based in Inglewood, CA. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anphon Corporation reported income of $596k and spending of $845k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $280k to $596k (+113%), an average of +21% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 126% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anphon Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Cobb Memorial Foundation Inc ($596k), Melanoma Tissue Bank Consortium ($596k) and Light of Hope Inc ($596k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $10k (1.2% of expenses). Other salaries and wages came to $211k. At year end it held assets of $168k against liabilities of $743k, net assets of -$575k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.