Anchored Ministries Corp

Analysis

Anchored Ministries Corp is a registered charity in United States, based in Williamsburg, KY. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover mental health and crisis intervention, 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, Anchored Ministries Corp reported income of $338k and spending of $337k, spending 100% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $138k to $338k (+146%), an average of +35% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Anchored Ministries Corp sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within KY. Charities of a similar size with the same main cause include Touchstone Counseling Service Inc ($338k), Rockhouse Ministries & Programs ($338k) and Perry County Emergency Communications District ($338k).

Compensation of current officers, directors and key employees was $179k (53% of expenses). At year end it held assets of $20k against liabilities of $0, net assets of $20k.