Eternal Anchor

Analysis

Eternal Anchor is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in June 2015, 11 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, Eternal Anchor reported income of $410k and spending of $456k, spending 111% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $387k to $410k (+5.9%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 36%. 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, Eternal Anchor sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within WA. Charities of a similar size with the same main cause include YMCA Shared Services Inc ($410k), A Caring Place Pregnancy Help Center ($410k) and Dallas Hope Charities ($410k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.