Anchorage Inc

Analysis

Anchorage Inc is a registered charity in United States, based in Leesburg, GA. It received its IRS tax-exemption ruling in February 1955, 71 years ago. 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 2022, Anchorage Inc reported income of $1.0m and spending of $439k, leaving 58% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $438k to $1.0m (+137%), an average of +33% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anchorage Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include McLeod Emergency Food Shelf ($1.0m), St Johns Elderly Housing Corporation ($1.0m) and Mid-States Minority Supplier Development Council ($1.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 91% and program service revenue 8.2% of the total. Other salaries and wages came to $201k. At year end it held assets of $2.4m against liabilities of $2,904, net assets of $2.4m. It reported 5 employees.