Anchorage Childrens Home of Bay County Inc

Analysis

Anchorage Childrens Home of Bay County Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in March 1984, 42 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Anchorage Childrens Home of Bay County Inc reported income of $6.1m and spending of $5.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $6.1m (+14%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchorage Childrens Home of Bay County Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Meals on Wheels of Staten Island Inc ($6.1m), Ycc Family Crisis Center ($6.2m) and Camp Ohel Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $157k (2.7% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $5.4m against liabilities of $861k, net assets of $4.6m. It reported 122 employees.