Anchors Aweigh Club Inc

Analysis

Anchors Aweigh Club Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Anchors Aweigh Club Inc reported income of $130k and spending of $180k, spending 139% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $146k to $130k (-11%), an average of -3.9% a year. The sharpest change came in the year to December 2021, when income rose by 63%. Over the whole period it spent 107% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anchors Aweigh Club Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Aidan Jack Seeger Foundation Inc ($130k), The Delmarva Community Wellnet Foundation ($130k) and Horizon Opportunities Inc ($130k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 55% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $28k (16% of expenses). Other salaries and wages came to $49k. At year end it held assets of $534k against liabilities of $3,457, net assets of $531k. It reported 3 employees.