Anchor Home

Analysis

Anchor Home is a registered charity in United States, based in Midlothian, TX. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Home reported income of $80k and spending of $95k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $71k to $80k (+13%), an average of +13% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Anchor Home sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within TX. Charities of a similar size with the same main cause include West Seventh Street Federation Inc ($80k), Share IX Inc ($80k) and Southwest Neighborhood Housing Service ($80k).

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 $114k against liabilities of $0, net assets of $114k.