The Anchor Gathering

Analysis

The Anchor Gathering is a registered charity in United States, based in Gig Harbor, WA. It received its IRS tax-exemption ruling in February 2020, 6 years ago. 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 June 2023, The Anchor Gathering reported income of $198k and spending of $259k, spending 131% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $311k to $198k (-36%), an average of -36% a year. The sharpest change came in the year to June 2023, when income dropped by 36%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Anchor Gathering sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WA. Charities of a similar size with the same main cause include Allatoona Hig School Lacrosse Boosters ($198k), Good Samaritan Food Pantry ($198k) and The Kennedy Dancers Inc ($198k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $71k (28% of expenses). Other salaries and wages came to $24k. At year end it held assets of $157k against liabilities of $2,364, net assets of $154k. It reported 3 employees.