Anchor For Special Needs Inc
EIN: 472738007 · Rogers City, MI · NTEE: G02
| Metric | Value |
|---|---|
| Total Revenue | $261K |
| Total Expenses | $191K |
| Net Assets | $48K |
Is Anchor For Special Needs Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Anchor For Special Needs Inc
Anchor For Special Needs Inc (EIN: 472738007) is a nonprofit organization based in Rogers City, MI, classified under NTEE code G02. The organization reported total revenue of $261K and total assets of $55K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anchor For Special Needs Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Anchor For Special Needs Inc is a small nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $224K |
| Total Expenses | $191K |
| Surplus / Deficit | +$33K |
| Total Assets | $48K |
| Net Assets | $48K |
| Operating Margin | 14.5% |
| Months of Reserves | 3.0 months |
Financial Health Grade: A
In 2023, Anchor For Special Needs Inc reported a surplus of $33K with revenue exceeding expenses, holds 3.0 months of operating reserves (adequate).
Financial Trends
Over 9 years of filings (2015–2023), Anchor For Special Needs Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.4% | +15.3% | +38.6% |
| 2022 | -7.0% | -9.0% | -33.8% |
| 2021 | -0.6% | -6.3% | -33.0% |
| 2020 | +0.2% | +16.2% | -42.2% |
| 2019 | +4.6% | -4.2% | -5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Anchor For Special Needs Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anchor For Special Needs Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $33K, with revenue exceeding expenses.
Frequently Asked Questions about Anchor For Special Needs Inc
Is Anchor For Special Needs Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Anchor For Special Needs Inc (EIN: 472738007) insufficient data. 0 red flags identified, 0 strengths noted.
How does Anchor For Special Needs Inc spend its money?
Detailed spending breakdown data is not yet available for Anchor For Special Needs Inc. Check back for updated IRS 990 analysis.
Are donations to Anchor For Special Needs Inc tax-deductible?
Anchor For Special Needs Inc is registered as a tax-exempt nonprofit (EIN: 472738007). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Anchor For Special Needs Inc located?
Anchor For Special Needs Inc is headquartered in Rogers City, Michigan and files with the IRS under EIN 472738007. It is classified under NTEE code G02.
How many years of IRS 990 filings does Anchor For Special Needs Inc have?
Anchor For Special Needs Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $261K in total revenue.
Filing History
IRS 990 filing history for Anchor For Special Needs Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Anchor For Special Needs Inc's revenue has grown by 255.2%, moving from $63K to $224K. Total assets increased by 88.8% over the same period, from $25K to $48K. Total functional expenses rose by 344.5%, from $43K to $191K. In its most recent filing year (2023), Anchor For Special Needs Inc reported a surplus of $33K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $224K | $191K | $48K | $0 | — | — |
| 2022 | $152K | $166K | $35K | $4K | — | View 990 |
| 2021 | $164K | $182K | $52K | $3K | — | View 990 |
| 2020 | $164K | $195K | $78K | $10K | — | View 990 |
| 2019 | $164K | $167K | $135K | $37K | — | View 990 |
| 2018 | $157K | $175K | $143K | $41K | — | View 990 |
| 2017 | $214K | $178K | $122K | $3K | — | View 990 |
| 2016 | $137K | $74K | $85K | $2K | — | View 990 |
| 2015 | $63K | $43K | $25K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $224K, expenses of $191K, and assets of $48K (revenue +47.4% year-over-year).
- 2022: Revenue of $152K, expenses of $166K, and assets of $35K (revenue -7.0% year-over-year).
- 2021: Revenue of $164K, expenses of $182K, and assets of $52K (revenue -0.6% year-over-year).
- 2020: Revenue of $164K, expenses of $195K, and assets of $78K (revenue +0.2% year-over-year).
- 2019: Revenue of $164K, expenses of $167K, and assets of $135K (revenue +4.6% year-over-year).
- 2018: Revenue of $157K, expenses of $175K, and assets of $143K (revenue -26.8% year-over-year).
- 2017: Revenue of $214K, expenses of $178K, and assets of $122K (revenue +56.0% year-over-year).
- 2016: Revenue of $137K, expenses of $74K, and assets of $85K (revenue +117.9% year-over-year).
- 2015: Revenue of $63K, expenses of $43K, and assets of $25K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Anchor For Special Needs Inc:
Data Sources and Methodology
This transparency report for Anchor For Special Needs Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.