Anchored Hope International

Analysis

Anchored Hope International is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Hope International reported income of $91k and spending of $92k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $262k to $91k (-65%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 65%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Anchored Hope International sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within TX. Charities of a similar size with the same main cause include Andreas House Inc ($91k), Doorkeepers ($91k) and Family Legacy Builders Ministries Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $16k against liabilities of $157k, net assets of -$141k.