Anchor of Hope Charity Inc

Nonprofit profile at a glance

EIN
852060797
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Okmulgee, OK, USA
Phone
9188574538
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Christianity
Affiliation
Christianity

Reported finances

Revenue
$107,441
Expenses
$56,211
Assets
$431,343
Liabilities
$226,278

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • COLLEEN LITSEY (PRESIDENT)

People named in this filing

  • DALE LITSEY (VICE PRESIDE)
  • COLLEEN LITSEY (PRESIDENT)
  • DALEEN PORTER (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The principal purpose of the organization is to equip and empower previously encarcerated women through faith based pricniples by providing them with the necessary tools to become more self-sufficient in life.

What it reported doing in 2024

In 2024, anchor of hope charity reached approximately 1875 incarcerated women by providing bible studies and religious meetings. They also provided 525 women with spiritual, physical and emotional support through retreats, monthly meetings and a annual conference. In 2024, the nonprofit completed construction on it's first transitional home hostin 6 women in 2024. This facility is expected to aid women coming out of incarceration to help reintroudce and re-established them into society.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 100
  • Sustainability: 76
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.5%; rating input score 46
  • Program expense ratio: 88.9%; rating input score 89

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 47.7%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 7.67; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 10; 10th percentile among comparable filings
  • Officer compensation ratio: 5.3%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 84.3% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 25.5% per year; rating input score 100; 88th percentile among comparable filings
  • Asset growth: 34.7% per year; rating input score 100; 90th percentile among comparable filings

Details

  • Where the money goes: 46.5% of revenue deployed · 88.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $50K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • High — Sustainability: Liabilities to assets ratio scored 10/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.