Anchored Ministries

Analysis

Anchored Ministries is a registered charity in United States, based in Elverson, PA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Ministries reported income of $155k and spending of $106k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $155k (+91%), an average of +91% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 79% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Anchored Ministries sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within PA. Charities of a similar size with the same main cause include Lakeshore Non-Profit Alliance ($155k), Colorbold Business Association Inc ($155k) and Dwellers of Zion Mission CDC Inc ($155k).

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 $50k against liabilities of $0, net assets of $50k.