Anchor for Special Needs Inc

Analysis

Anchor for Special Needs Inc is a registered charity in United States, based in Rogers City, MI. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 for Special Needs Inc reported income of $224k and spending of $191k, spending 85% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $164k to $224k (+36%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anchor for Special Needs Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Franciscan Health Partnership Inc ($224k), Spirit Club Foundation ($224k) and The Wunderglo Foundation ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $79k. At year end it held assets of $48k against liabilities of $0, net assets of $48k. It reported 1 employees.