Ancor Foundation Inc

Analysis

Ancor Foundation Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ancor Foundation Inc reported income of $110k and spending of $131k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $351k to $110k (-69%), an average of -25% a year. The sharpest change came in the year to December 2022, when income dropped by 60%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ancor Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within VA. Charities of a similar size with the same main cause include Simcha Chesed Fund Inc ($110k), Union Academy of Belleville ($110k) and Kalamazoo Community Foundation Charitable Trust ($110k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. It paid $27k in professional fundraising fees. At year end it held assets of $356k against liabilities of $44k, net assets of $312k.