Anchor Retreat Center Corp

Analysis

Anchor Retreat Center Corp is a registered charity in United States, based in Lake View Ter, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anchor Retreat Center Corp reported income of $221k and spending of $498k, spending 226% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $308k to $221k (-28%), an average of -8.0% a year. The sharpest change came in the year to December 2023, when income rose by 353%. Over the whole period it spent 168% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Anchor Retreat Center Corp sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within CA. Charities of a similar size with the same main cause include Return to China Partnership ($221k), Fresh Impact Church ($221k) and Indian Ministries of North America Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $62k. At year end it held assets of $1.8m against liabilities of $1.1m, net assets of $703k. 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.