Anchorra

Analysis

Anchorra is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Anchorra reported income of $113k and spending of $184k, spending 164% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $288k to $113k (-61%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Anchorra sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Southern Capital Project ($112k), Blair County Chamber Foundation Inc ($113k) and National Charity League Inc ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $80k against liabilities of $143k, net assets of -$64k.