Anchor Christian University Inc

Analysis

Anchor Christian University Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 Christian University Inc reported income of $192k and spending of $187k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $132k to $192k (+46%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anchor Christian University Inc 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 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Woodlawn East Community and Neighbo R ($192k), Norcross Band Booster Club ($192k) and Westlake High School Instrumental Music Boosters ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 99% of the total. At year end it held assets of $74k against liabilities of $0, net assets of $74k.