Anchor Fund

Analysis

Anchor Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2014, 12 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 Fund reported income of $280k and spending of $215k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $188k to $280k (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchor Fund sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 34th percentile within DC. Charities of a similar size with the same main cause include Lucky Project ($280k), Hospice House of Greenville ($280k) and Battlefields to Ballfields ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $305k against liabilities of $0, net assets of $305k.