Anchor Hope

Analysis

Anchor Hope is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2023, Anchor Hope reported income of $78k and spending of $56k, leaving 29% of income unspent that year. Across the 3 years on record, from September 2021 to September 2023, income grew from $71k to $78k (+10%), an average of +4.9% a year. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Anchor Hope sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Lenam Inc ($78k), Ithaca Area United Jewish Community Inc ($78k) and Great Valley School District Education Foundation ($78k).

On its Form 990-EZ for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $129k against liabilities of $0, net assets of $129k.