Appalachian College of Pharmacy

Analysis

Appalachian College of Pharmacy is a registered charity in United States, based in Oakwood, VA. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Appalachian College of Pharmacy reported income of $5.4m and spending of $7.7m, spending 142% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $8.3m to $5.4m (-35%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 67%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Appalachian College of Pharmacy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include Sheet Metal Workers Local Union No 28 Education Fund ($5.4m), Central City Cyber School of Milwaukee ($5.4m) and Desert Garden Montessori School Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.6% and program service revenue 89% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $34.7m against liabilities of $1.2m, net assets of $33.6m. It reported 75 employees.