Anchor Community

Analysis

Anchor Community is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2023, Anchor Community reported income of $145k and spending of $220k, spending 152% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $127k to $145k (+15%), an average of +3.5% a year. Over the whole period it spent 142% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anchor Community sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 43rd percentile within CO. Charities of a similar size with the same main cause include Parent Booster USA Inc ($145k), Bucharest Christian Academy Foundation ($145k) and East Bay Holocaust Education Center Inc ($145k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $36k. At year end it held assets of $661k against liabilities of $413k, net assets of $248k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.