Anchorage Foundation Inc

Analysis

Anchorage Foundation Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in December 1999, 27 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 June 2023, Anchorage Foundation Inc reported income of $68k and spending of $43k, leaving 37% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $67k to $68k (+1.5%), an average of +0.5% a year. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchorage Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 30th percentile within FL. Charities of a similar size with the same main cause include National Charity League Crystal Springs Chapter ($68k), Sword and Spoon ($68k) and YMCA of the East Bay Support Foundation ($68k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. At year end it held assets of $1.0m against liabilities of $252k, net assets of $782k.