Anchor Impact Fund Inc

Analysis

Anchor Impact Fund Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Anchor Impact Fund Inc reported income of $2.2m and spending of $1.7m, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $478k to $2.2m (+366%), an average of +366% a year. The sharpest change came in the year to December 2023, when income rose by 366%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Anchor Impact Fund Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Bob Belloni Ranch Inc ($2.2m), United Way of West Central Ms ($2.2m) and United Way of Blount County ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $254k (15% of expenses). At year end it held assets of $922k against liabilities of $2,117, net assets of $920k. It reported 1 employees.