Anchor Ridge

Analysis

Anchor Ridge is a registered charity in United States, based in N Wilkesboro, NC. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Anchor Ridge reported income of $6.9m and spending of $6.7m, spending 97% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.4m to $6.9m (+187%), an average of +42% a year. The sharpest change came in the year to December 2022, when income rose by 160%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Anchor Ridge sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Praxis Inc ($6.9m), New Generations ($6.9m) and Jewish Community Center of ($6.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $258k. At year end it held assets of $547k against liabilities of $73k, net assets of $474k. It reported 18 employees.