Appalachian Reading Ctr Inc

Analysis

Appalachian Reading Ctr Inc is a registered charity in United States, based in S Charleston, WV. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Appalachian Reading Ctr Inc reported income of $285k and spending of $307k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $281k to $285k (+1.3%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Appalachian Reading Ctr Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within WV. Charities of a similar size with the same main cause include Women of Color Foundation ($285k), Airport Minority Advisory Council Educational & Scholarship Prog Inc ($285k) and Colegio de Tecnicos Y Mecanicos Automotrices de PR ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $73k (24% of expenses). Other salaries and wages came to $133k. At year end it held assets of $221k against liabilities of $5,273, net assets of $216k. It reported 32 employees.