Anchor Point Senior Citizens Inc

Analysis

Anchor Point Senior Citizens Inc is a registered charity in United States, based in Anchor Point, AK. It received its IRS tax-exemption ruling in April 1984, 42 years ago. 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 June 2023, Anchor Point Senior Citizens Inc reported income of $274k and spending of $370k, spending 135% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $216k to $274k (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Anchor Point Senior Citizens Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 55th percentile within AK. Charities of a similar size with the same main cause include Pic International Inc ($274k), Oak Cottage for Women Inc ($274k) and American College of Physicians ($274k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $73k (20% of expenses). Other salaries and wages came to $75k. At year end it held assets of $1.2m against liabilities of $126k, net assets of $1.1m. It reported 15 employees.