Anderson Property Corporation

Analysis

Anderson Property Corporation is a registered charity in United States, based in Redding, CA. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Anderson Property Corporation reported income of $138k and spending of $668k, spending 485% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $138k (-12%), an average of -3.2% a year. Over the whole period it spent 448% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anderson Property Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 47th percentile within CA. Charities of a similar size with the same main cause include Edgerton Retirement Apartments Inc ($138k), McMinn County Emergency and Rescue Squad Inc ($138k) and Nami Alameda County ($138k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $6.7m against liabilities of $8.9m, net assets of -$2.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.