Central Appalachian Rural Investment Corporation

Analysis

Central Appalachian Rural Investment Corporation is a registered charity in United States, based in London, KY. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Central Appalachian Rural Investment Corporation reported income of $304k and spending of $304k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $323k to $304k (-5.9%), an average of -1.5% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Central Appalachian Rural Investment Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within KY. Charities of a similar size with the same main cause include Ecia Business Growth Inc ($304k), Preservation Pottstown Inc ($304k) and Silos Community Service Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $293k against liabilities of $120k, net assets of $173k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.