Anchal Inc
- Assets
- $459.7k
- Revenue
- $919.9k
- Investments
- $6.5k
- Employees
- 13
- Location
- Louisville, KY
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 27-2959378
Organization Overview
Anchal Inc is located in Louisville, KY. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2021, Anchal Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Anchal Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Anchal Inc generated $919.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.4% each year . All expenses for the organization totaled $852.9k during the year ending 12/2021. While expenses have increased by 19.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ANCHAL'S MISSION IS TO ADDRESS THE EXPLOITATION OF WOMEN AROUND THE WORLD BY USING DESIGN THINKING TO CREATE EMPLOYMENT OPPORTUNITIES AND PRODUCTS THAT SUPPORT ECONOMIC EMPOWERMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, ANCHAL PROVIDED SERVICES TO 190 WOMEN IN AJMER, INDIA, AND 1 WOMAN IN LOUISVILLE, KENTUCKY WHO HAVE SURVIVED EXPLOITATION IN THE COMMERCIAL SEX TRADE OR DOMESTIC VIOLENCE. WOMEN, NOW ARTISANS, ENROLLED IN THE STITCH X STITCH PROJECT OR DYESCAPE PROJECT, WERE PROVIDED FULL-TIME OR PART-TIME JOB OPPORTUNITIES IN TEXTILE PRODUCTION. THE HOLISTIC PROGRAM ALSO OFFERED ONGOING TRAINING, EDUCATION WORKSHOPS, HEALTH CAMPS, GIFTS, AND A COMMUNITY OF SUPPORT. 2021 WAS FULL OF INCREDIBLE IMPACT INCLUDING THE CONTINUED EMPLOYMENT OF 180 ARTISANS, THE LAUNCH OF A SATELLITE TRAINING PROGRAM FOR 10 NEW WOMEN, THE DISTRIBUTION OF 160 GROCERY KITS, A FREE HEALTH CAMP FOR THE ARTISANS, THE CREATION OF 17,463 PRODUCTS, AND MOST IMPORTANTLY THE GOOD HEALTH OF OUR ENTIRE TEAM IN INDIA AND KENTUCKY. 36% OF THE ARTISANS WERE THE PRIMARY BREADWINNERS IN THEIR FAMILIES. ANCHAL ARTISAN KOUSHALYA SHARED, "I RECEIVED WORK FROM ANCHAL DURING THE MOST CHALLENGING TIMES WHICH HELPED SUSTAIN MY FAMILY SINCE MY HUSBAND'S WORK HAS NOT COME BACK. I AM THE SOLE EARNER IN THE FAMILY NOW. I AM EXCITED TO CONTINUE MY WORK WITH ANCHAL, OUR TEAM IS ALWAYS JUST A CALL AWAY IF I NEED THEM." ALL ARTISANS HAVE PERSONAL BANK ACCOUNTS AND 30-100% MORE MONTHLY THAN BEFORE JOINING AND 69% HAVE MADE HOME IMPROVEMENTS. 95% OF ARTISANS REPORT THAT EARNING WITH ANCHAL HAS IMPROVED FAMILY RELATIONSHIPS. 70% OF WOMEN THAT EXPERIENCED VIOLENCE/ABUSE AT HOME REPORTED THAT IT HAD STOPPED. 100% OF ARTISANS ARE INVESTING IN THEIR CHILDREN'S EDUCATION, RESULTING IN THE ELIMINATION OF INTERGENERATIONAL EXPLOITATION FOR 550 CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Clines CEO | OfficerTrustee | 60 | $81,180 |
Margaret Clines COO | OfficerTrustee | 60 | $80,020 |
Lynn Cooper Board Chair | OfficerTrustee | 4 | $0 |
Beth Peabody Treasurer | OfficerTrustee | 3 | $0 |
Kate Son Director | Trustee | 1 | $0 |
Tate Reynolds Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,107 |
| Total Program Service Revenue | $718,815 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $919,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $346 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,200 |
| Compensation of current officers, directors, key employees. | $17,778 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,335 |
| Payroll taxes | $27,557 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,701 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $85,573 |
| Office expenses | $29,114 |
| Information technology | $9,844 |
| Royalties | $0 |
| Occupancy | $21,400 |
| Travel | $3,589 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,863 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,709 |
| All other expenses | $3,678 |
| Total functional expenses | $852,937 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $350,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,734 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $88,825 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,495 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $459,654 |
| Accounts payable and accrued expenses | $27,951 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,337 |
| Other liabilities | $0 |
| Total liabilities | $31,288 |
| Net assets without donor restrictions | $428,366 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $459,654 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Anchal Inc has recieved totaling $5,604.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,604 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Members Credit Union Indianapolis, IN | $2,918,005,380 | $115,174,004 |
Childrens Home & Aid Society Of Illinois Chicago, IL | $55,063,389 | $78,192,284 |
Lutheran Social Services Of Illinois Des Plaines, IL | $62,918,656 | $74,591,812 |
Talbert House Cincinnati, OH | $31,118,204 | $71,372,789 |
Dismas Charities Inc Louisville, KY | $50,549,022 | $73,995,842 |
Graceworks Lutheran Services Dayton, OH | $148,547,516 | $59,310,713 |
Stepforward Cleveland, OH | $18,985,030 | $54,230,994 |
Cincinnati-Hamilton County Community Action Agency Cincinnati, OH | $18,344,887 | $51,573,356 |
Catholic Charities Corporation Cleveland, OH | $62,419,322 | $52,175,078 |
Great Lakes Community Action Partnership Fremont, OH | $28,522,004 | $53,103,851 |
Ada S Mckinley Community Services Inc Chicago, IL | $17,309,260 | $43,710,701 |
Audubon Area Community Services Inc Owensboro, KY | $41,933,406 | $49,214,124 |