Anchor of Hope Inc

Analysis

Anchor of Hope Inc is a registered charity in United States, based in Marietta, GA. It received its IRS tax-exemption ruling in August 2013, 13 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, Anchor of Hope Inc reported income of $238k and spending of $217k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $238k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchor of Hope Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within GA. Charities of a similar size with the same main cause include Love Society ($238k), Connecticut Family Support Network Inc ($238k) and Senior Center of Macon ($237k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,196 (2.4% of expenses). At year end it held assets of $49k against liabilities of $768, net assets of $48k. It reported 1 employees.