Ancoratn

Analysis

Ancoratn is a registered charity in United States, based in Joelton, TN. It received its IRS tax-exemption ruling in October 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ancoratn reported income of $2.9m and spending of $2.5m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.9m (+110%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 266%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ancoratn sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Independent Living Services Inc ($2.9m), Connecting Kids to Meals Inc ($2.9m) and Northwest Access Fund ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $152k (6.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.7m against liabilities of $934k, net assets of $5.7m. It reported 40 employees.