Anchor Therapy Clinic

Analysis

Anchor Therapy Clinic is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Anchor Therapy Clinic reported income of $279k and spending of $344k, spending 123% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $139k to $279k (+101%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 103%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Anchor Therapy Clinic sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within CA. Charities of a similar size with the same main cause include Kingwood Womens Club ($279k), Passion and Compassion Inc ($279k) and Triton Amesbury Junior Maples Youth Hockey League ($279k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $274k (79% of expenses). At year end it held assets of $586 against liabilities of $586, net assets of $0. It reported 15 employees.