Anchor Down Owners Association Inc

Analysis

Anchor Down Owners Association Inc is a registered charity in United States, based in LA Mesa, CA. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Down Owners Association Inc reported income of $525k and spending of $597k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $609k to $525k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Anchor Down Owners Association Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Vincent Depaul Foundation Inc ($525k), West-In-Arms Inc ($525k) and Garwyn Oaks Northwest Housing Resource Center Inc ($525k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.6m against liabilities of $5.1m, net assets of -$1.5m.