Anchor Point Food Pantry

Analysis

Anchor Point Food Pantry is a registered charity in United States, based in Anchor Point, AK. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Anchor Point Food Pantry reported income of $220k and spending of $224k, spending 102% of its income. Across the 3 years on record, from October 2022 to December 2023, income fell from $276k to $220k (-20%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 202%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchor Point Food Pantry sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 51st percentile within AK. Charities of a similar size with the same main cause include River Valley Food 4 Kids Inc ($220k), Bath Area Food Bank ($220k) and Work Vessels for Vets Inc ($220k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $89k against liabilities of $0, net assets of $89k.