Anchor House Inc

Analysis

Anchor House Inc is a registered charity in United States, based in Palmetto, FL. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Anchor House Inc reported income of $343k and spending of $229k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $343k (+124%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Anchor House Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Catholic Action for Faith Andfamily ($342k), Mid-Kansas Jewish Federation Inc ($343k) and Woolman Hill Inc ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 1.1% of the total. Other salaries and wages came to $141k. At year end it held assets of $344k against liabilities of $15k, net assets of $329k. It reported 5 employees.