Anchors Supportive Housing Development Inc

Analysis

Anchors Supportive Housing Development Inc is a registered charity in United States, based in Hanford, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Anchors Supportive Housing Development Inc reported income of $62k and spending of $135k, spending 219% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $75k to $62k (-18%), an average of -4.7% a year. The sharpest change came in the year to December 2022, when income dropped by 112%. Over the whole period it spent 171% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Anchors Supportive Housing Development Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Community Apartments Corporation of Rockingham County ($62k), Central Point Rotary Foundation ($62k) and Community Apartments Corporation of Stanley County ($62k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.4m against liabilities of $1.8m, net assets of -$434k.

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.