Appalachian Regional Healthcare Foundation

Analysis

Appalachian Regional Healthcare Foundation is a registered charity in United States, based in Boone, NC. It received its IRS tax-exemption ruling in June 2006, 20 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Appalachian Regional Healthcare Foundation reported income of $4.3m and spending of $634k, leaving 85% of income unspent that year. Across the 5 years on record, from September 2019 to June 2023, income fell from $5.4m to $4.3m (-20%), an average of -5.6% a year. The sharpest change came in the year to September 2021, when income rose by 345%. Over the whole period it spent 25% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Appalachian Regional Healthcare Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include United Way of Pueblo County Colorado Inc ($4.3m), Inland Southern California United Way ($4.3m) and Athens Area Community Foundation Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $136k. At year end it held assets of $27.1m against liabilities of $1.8m, net assets of $25.3m.