Ancla de Esperanza

Analysis

Ancla de Esperanza is a registered charity in United States, based in Savage, MN. It received its IRS tax-exemption ruling in July 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Ancla de Esperanza reported income of $210k and spending of $132k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $210k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ancla de Esperanza sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within MN. Charities of a similar size with the same main cause include Star Lake Bible Camp Association ($210k), Inspire Idaho Inc ($210k) and Table Urban Farm ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $438k against liabilities of $198k, net assets of $240k.