Quick charity verification for Anchor Academy Inc (EIN: 203300692)
Verdict: Anchor Academy Inc appears trustworthy
88/100Mission Score
$1.3MRevenue
$560KAssets
2Red Flags
5Strengths
Red Flags
Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data, limiting precise efficiency analysis.
Consistent 0% officer compensation for an organization with over $1M in revenue is unusual and warrants further inquiry into how leadership is compensated or structured.
Strengths
Consistent and strong revenue growth over the past decade, from $296,334 in 2017 to $1,117,320 in 2024.
Significant asset growth, from $92,982 in 2017 to $455,763 in 2024, indicating increasing financial capacity.
Expenses consistently managed close to revenue, suggesting responsible financial stewardship without large deficits or excessive surpluses.
14 consecutive IRS 990 filings demonstrate a commitment to transparency and compliance.
Reported 0% officer compensation across all filings, which can be viewed positively for donor confidence if leadership is genuinely volunteer-based.
Spending Breakdown
How Anchor Academy Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Anchor Academy Inc
Is Anchor Academy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Anchor Academy Inc (EIN: 203300692) appears trustworthy. Mission Score: 88/100. 2 red flags identified, 5 strengths noted.
Is Anchor Academy Inc a good charity to donate to?
Anchor Academy Inc has a Mission Score of 88/100. Revenue: $1.3M. Assets: $560K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Anchor Academy Inc?
The Employer Identification Number (EIN) for Anchor Academy Inc is 203300692. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Anchor Academy Inc spend its money?
Anchor Academy Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Anchor Academy Inc's tax-exempt status?
You can verify Anchor Academy Inc's tax-exempt status using EIN 203300692 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Anchor Academy Inc demonstrates consistent growth in revenue and assets over the past decade, indicating a stable and expanding financial base. For the most recent period (202406), the organization reported revenues of $1,117,320 against expenses of $1,100,016, resulting in a modest surplus. This trend of expenses closely tracking revenue suggests efficient management of resources without accumulating excessive surpluses or deficits. The organization's assets have grown significantly from $14,780 in 2015 to $455,763 in 2024, reflecting increasing capacity and financial health.
The organization's spending efficiency appears strong, with expenses consistently below or very close to revenue. A key indicator of good governance and financial health is the reported 0% officer compensation across all available filings, suggesting that leadership is either volunteer-based or compensated through other means not categorized as officer compensation on the 990, which can be a positive sign for donor confidence. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is limited. The consistent growth in revenue and assets, coupled with a lack of reported officer compensation, generally points towards a well-managed and program-focused entity.
In terms of transparency, the consistent filing of IRS Form 990s over 14 periods is a positive sign. The absence of reported officer compensation is noteworthy, but a more detailed breakdown of functional expenses (program, administrative, fundraising) would enhance transparency and allow for a more granular analysis of how funds are allocated. The organization's financial trajectory shows a healthy upward trend, indicating effective resource generation and management.