Anchor House Inc
Anchor House Inc. shows consistent revenue growth but persistent liabilities exceeding assets.
EIN: 112151231 · Brooklyn, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $3.9M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $4 |
| Net Assets | $-580,020 |
| Transparency Score | 75/100 |
Is Anchor House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Anchor House Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Anchor House Inc
Anchor House Inc (EIN: 112151231) is a nonprofit organization based in Brooklyn, NY. The organization reported total revenue of $4.7M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Anchor House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Anchor House Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $3.9M |
| Surplus / Deficit | +$216K |
| Total Assets | $2.4M |
| Total Liabilities | $3.0M |
| Net Assets | $-580,020 |
| Operating Margin | 5.2% |
| Debt-to-Asset Ratio | 123.8% |
| Months of Reserves | 7.5 months |
Financial Health Grade: A
In 2023, Anchor House Inc reported a surplus of $216K with revenue exceeding expenses, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 123.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Anchor House Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.5% | +8.0% | +18.6% |
| 2022 | +4.4% | +11.8% | -5.9% |
| 2021 | +11.6% | -12.1% | +46.2% |
| 2020 | -18.5% | +11.5% | -24.6% |
| 2019 | +53.2% | +20.4% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1979 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Anchor House Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Anchor House Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $216K, with revenue exceeding expenses.
- Debt-to-asset ratio: 123.8%.
Executive Compensation Analysis
No officer compensation is reported across all available filings, which is highly unusual for an organization with revenues exceeding $4 million. This could indicate that executive roles are entirely volunteer-based or that compensation is reported under different expense categories, warranting further scrutiny.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Anchor House Inc's IRS 990 filings:
- Consistent liabilities exceeding assets across multiple years, indicating potential long-term financial strain or specific funding structures.
- Zero reported officer compensation for an organization with over $4 million in revenue, which is highly unusual and requires clarification.
- NTEE code is unknown, making it difficult to benchmark against similar organizations or understand its specific charitable purpose without further research.
Strengths
The following positive indicators were identified for Anchor House Inc:
- Consistent revenue growth over the past decade, from $2.4M in 2014 to over $4.1M in 2023, indicating expanding operations and funding.
- Generally positive net income in recent years (e.g., $215,505 in 202306), demonstrating operational sustainability.
- Long history of IRS 990 filings (13 filings), indicating a commitment to regulatory compliance and transparency.
Frequently Asked Questions about Anchor House Inc
Is Anchor House Inc a legitimate charity?
Anchor House Inc (EIN: 112151231) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Anchor House Inc spend its money?
Anchor House Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Anchor House Inc tax-deductible?
Anchor House Inc is registered as a tax-exempt nonprofit (EIN: 112151231). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Anchor House Inc CEO make?
Anchor House Inc's highest-compensated officer earns $4 annually. The organization reported $4.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Anchor House Inc's spending goes to programs?
Anchor House Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Anchor House Inc located?
Anchor House Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 112151231.
How many years of IRS 990 filings does Anchor House Inc have?
Anchor House Inc has 13 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 $4.7M in total revenue.
How does Anchor House Inc. manage its consistent liabilities exceeding assets?
The organization consistently reports liabilities greater than its assets, for example, $3,017,164 in liabilities versus $2,437,144 in assets in 202306. This suggests a reliance on debt, restricted funds, or specific accounting practices that may not reflect immediate liquidity issues but warrant further investigation into the nature of these liabilities.
What is the explanation for zero reported officer compensation?
Across all 13 available filings, Anchor House Inc. reports 0% officer compensation. This is highly uncommon for an organization of its size and revenue, suggesting either a fully volunteer executive leadership, or that executive compensation is categorized differently within the expense reports, which would require a deeper dive into the full 990 forms.
What is the organization's primary program focus given its NTEE code is unknown?
Without an NTEE code, the specific programmatic activities of Anchor House Inc. are not immediately clear from the provided data. Further investigation into their mission statement and program descriptions would be necessary to understand their core services.
Filing History
IRS 990 filing history for Anchor House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Anchor House Inc's revenue has grown by 127.6%, moving from $1.8M to $4.1M. Total assets decreased by 39.3% over the same period, from $4.0M to $2.4M. Total functional expenses rose by 70.6%, from $2.3M to $3.9M. In its most recent filing year (2023), Anchor House Inc reported a surplus of $216K, with revenue exceeding expenses. The organization holds $3.0M in liabilities against $2.4M in assets (debt-to-asset ratio: 123.8%), resulting in net assets of $-580,020.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $3.9M | $2.4M | $3.0M | — | View 990 |
| 2022 | $3.6M | $3.6M | $2.1M | $2.9M | — | View 990 |
| 2021 | $3.4M | $3.2M | $2.2M | $2.9M | — | View 990 |
| 2020 | $3.1M | $3.7M | $1.5M | $2.4M | — | View 990 |
| 2019 | $3.8M | $3.3M | $2.0M | $2.3M | — | View 990 |
| 2018 | $2.5M | $2.7M | $2.0M | $2.8M | — | View 990 |
| 2017 | $2.7M | $2.7M | $2.4M | $2.9M | — | View 990 |
| 2016 | $2.7M | $2.5M | $2.8M | $3.2M | — | View 990 |
| 2015 | $2.4M | $2.4M | $2.9M | $3.5M | — | View 990 |
| 2014 | $2.4M | $2.4M | $3.1M | $3.7M | — | View 990 |
| 2013 | $2.7M | $2.7M | $3.4M | $4.2M | — | View 990 |
| 2012 | $2.6M | $2.8M | $3.8M | $4.5M | — | View 990 |
| 2011 | $1.8M | $2.3M | $4.0M | $5.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $3.9M, and assets of $2.4M (revenue +15.5% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.6M, and assets of $2.1M (revenue +4.4% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.2M, and assets of $2.2M (revenue +11.6% year-over-year).
- 2020: Revenue of $3.1M, expenses of $3.7M, and assets of $1.5M (revenue -18.5% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.3M, and assets of $2.0M (revenue +53.2% year-over-year).
- 2018: Revenue of $2.5M, expenses of $2.7M, and assets of $2.0M (revenue -8.7% year-over-year).
- 2017: Revenue of $2.7M, expenses of $2.7M, and assets of $2.4M (revenue +0.8% year-over-year).
- 2016: Revenue of $2.7M, expenses of $2.5M, and assets of $2.8M (revenue +9.0% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.4M, and assets of $2.9M (revenue +0.4% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.4M, and assets of $3.1M (revenue -9.5% year-over-year).
- 2013: Revenue of $2.7M, expenses of $2.7M, and assets of $3.4M (revenue +2.6% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.8M, and assets of $3.8M (revenue +44.8% year-over-year).
- 2011: Revenue of $1.8M, expenses of $2.3M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Anchor House Inc:
Data Sources and Methodology
This transparency report for Anchor House 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.