Anchor Health Initiative Corporation

Analysis

Anchor Health Initiative Corporation is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anchor Health Initiative Corporation reported income of $8.6m and spending of $9.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $8.6m (+176%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anchor Health Initiative Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within CT. Charities of a similar size with the same main cause include Memorial Medical Center-San Augustine ($8.6m), Walpole Area Visiting Nurse Association Inc ($8.6m) and The C W Williams Community Health Center Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $597k (6.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $1.1m against liabilities of $2.8m, net assets of -$1.8m. It reported 35 employees.