Anchor Mentoring Inc

Analysis

Anchor Mentoring Inc is a registered charity in United States, based in Far Rockaway, NY. It received its IRS tax-exemption ruling in October 2012, 14 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 June 2023, Anchor Mentoring Inc reported income of $709k and spending of $618k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $388k to $709k (+82%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 53%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Anchor Mentoring Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Central Illinois ($709k), The Trail Youth ($709k) and Marilyn & Gordon Macklin Intergenerational Institute Inc ($708k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $18k (2.9% of expenses). Other salaries and wages came to $67k. At year end it held assets of $359k against liabilities of $14k, net assets of $345k. It reported 3 employees.