Overview
What is Anchor House Inc?
Anchor House Inc, situated in Seymour, Indiana, is a nonprofit organization that prioritizes investing in families and individuals by providing housing and resources, simultaneously addressing hunger within the community. In 2022, Anchor House served over 400 unique individuals, including 35 families and 80 children, while distributing more than 5,000 household distributions, equating to approximately 300,000 meals worth of food. With a dedicated workforce of 23 individuals, Anchor House Inc strives to make a tangible impact on the lives of those in need within its community.
Official website here: www.anchorhouseshelter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Anchor House Inc has received a strong score of 87%, reflecting a solid performance in accountability and financial practices. The organization scores well across various metrics, indicating a well-managed nonprofit with an independent board and no reported asset diversions. Their transparency is demonstrated through policies for conflicts of interest and whistleblowing, along with regular documentation of board meeting minutes.
The financial health of Anchor House Inc is notable, with a program expense ratio of nearly 90%, signifying that a significant portion of their spending directly supports their programs. Additionally, the organization boasts an impressive fundraising efficiency ratio, indicating effective use of funds raised for their mission. With a working capital ratio of 2.48 years, they demonstrate sufficient liquidity to sustain their operations over an extended period.
However, it’s important to consider that while the organization excels in accountability and financial management, the rating is solely based on these factors. Future reviews may benefit from insights into their programmatic impact and community engagement to provide a more comprehensive understanding of their effectiveness in achieving their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Anchor House Inc legitimate?
Anchor House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor House Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $56,650
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,917
For more financial information, click here
Official website here: www.anchorhouseshelter.org
What is the mission statement of Anchor House Inc?
Anchor House Inc's mission involves investing in families and individuals by providing housing and resources, while simultaneously addressing hunger in the community. This mission was put into action in 2022, as the organization served over 400 unique individuals, including 35 families and 80 children. Furthermore, Anchor House distributed over 5,000 household distributions, equating to approximately 300,000 meals worth of food. By doing so, Anchor House aims to positively impact the lives of those in need, providing them with essential resources and combating hunger locally.
Official website here: www.anchorhouseshelter.org
Who is the CEO of Anchor House Inc?
Holly Fields is the Director of Anchor House Inc.
Official website here: www.anchorhouseshelter.org
What is the revenue of Anchor House Inc?
Anchor House Inc's revenue in 2022 was $2,412,701.
Official website here: www.anchorhouseshelter.org
Who are the executives of Anchor House Inc and what are their salaries?
The average compensation at Anchor House Inc during 2022 was $17,677. There are 23 employees and 338 volunteers at Anchor House Inc.
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- Compensation: $56,650
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Official website here: www.anchorhouseshelter.org
Where can I find the form 990 for Anchor House Inc?
Anchor House Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.anchorhouseshelter.org
Learn more at the official website: www.anchorhouseshelter.org
Mission Statement of Anchor House Inc
Anchor House Inc, a notable organization, is committed to investing in families and individuals by providing housing and resources, while simultaneously addressing hunger in the community. The mission of Anchor House Inc is multifaceted, aiming to offer a supportive environment and essential resources to those in need. In 2022, the organization served over 400 unduplicated individuals, including 35 families and 80 children. This demonstrates their dedication to supporting diverse populations within their community. Furthermore, Anchor House Inc distributed over 5,000 household distributions, equating to over 300,000 meals worth of food. This initiative highlights their commitment to alleviating hunger and ensuring that individuals and families have access to nutritious meals. Overall, Anchor House Inc is an organization that invests in the well-being of families and individuals by providing housing, resources, and addressing food insecurity in their community.
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Impact
October, 2024
Anchor House Inc significantly impacts the community of Seymour, IN, by investing in families and individuals through essential housing support and resource distribution. In 2022 alone, the organization served over 400 unique individuals, including 35 families and 80 children, demonstrating its commitment to helping those in need.
Moreover, Anchor House is a crucial player in combating hunger, distributing over 5,000 household items that equate to more than 300,000 meals. This comprehensive approach not only addresses immediate food insecurity but also provides a foundation for families to build stability and improve their long-term well-being. By focusing on both housing and food resources, Anchor House plays a vital role in creating a healthier and more resilient community.
This information is meant to be a general summary of Anchor House Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,053
- Program Service Revenue: $1,944
- Gross Receipts: $2,428,903
Assets and Liabilities:
- Total Assets: $2,880,766
- Total Liabilities: $339,841
- Net Assets: $2,540,925
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$1,944
Organization Details
Founding Year
1990
Phone
(812) 522-9308Principal Officer
Holly Fields
Main Address
250 S VINE STREET, SEYMOUR, IN, 47274
Website
www.anchorhouseshelter.orgNTEE Category
Code: P00 - Human services
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