Anchor Family Services Inc

Analysis

Anchor Family Services Inc is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover health care, 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 2023, Anchor Family Services Inc reported income of $648k and spending of $652k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $648k (+131%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 68%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anchor Family Services Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Rehabilitation Institute of Michigan Foundation ($648k), Recovery Group of Southern West Virginia ($648k) and Project Pinkd Inc ($648k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $108k (16% of expenses). Other salaries and wages came to $118k. At year end it held assets of $101k against liabilities of $38k, net assets of $63k. It reported 7 employees.