Anchor Schools Inc

Analysis

Anchor Schools Inc is a registered charity in United States, based in Decatur, GA. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Anchor Schools Inc reported income of $2.6m and spending of $2.3m, spending 87% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $215k to $2.6m (+1124%), an average of +250% a year. The sharpest change came in the year to June 2024, when income rose by 410%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Anchor Schools Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within GA. Charities of a similar size with the same main cause include Connecticut State Building Trades Training Institute Inc ($2.6m), Summit Academy Community School for Alternative Learners ($2.6m) and Playgroup ($2.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 59% and program service revenue 39% of the total. At year end it held assets of $6.0m against liabilities of $5.3m, net assets of $704k. It reported 16 employees.