Ancora Transition Services Inc

Analysis

Ancora Transition Services Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Ancora Transition Services Inc reported income of $288k and spending of $288k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $288k (+284%), an average of +284% a year. The sharpest change came in the year to December 2023, when income rose by 284%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ancora Transition Services Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within NM. Charities of a similar size with the same main cause include Downtown Canton Special Improvement District Inc ($288k), Gulf Coast Business Council Research Foundation Inc ($288k) and Carson County Jr Livestock Show Association ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 127% of the total. Other salaries and wages came to $170k. At year end it held assets of $39k against liabilities of $37k, net assets of $1,700. It reported 3 employees.