Anchor of Hope Haiti

Analysis

Anchor of Hope Haiti is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Anchor of Hope Haiti reported income of $125k and spending of $114k, spending 91% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $109k to $125k (+15%), an average of +15% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Anchor of Hope Haiti sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within MI. Charities of a similar size with the same main cause include Lecce Christian Mission Inc ($125k), Machon Moreshes Ashkenaz ($125k) and Restoration One Ninety Nine ($125k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $19k against liabilities of $0, net assets of $19k.