Appalachian Music Heritage Foundation Inc

Analysis

Appalachian Music Heritage Foundation Inc is a registered charity in United States, based in Marion, VA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2022, Appalachian Music Heritage Foundation Inc reported income of $236k and spending of $235k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $223k to $236k (+6.2%), an average of +2.0% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Appalachian Music Heritage Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include Arts Northwest ($236k), Music Theatre of Wenatchee Inc ($236k) and LA Rita Performing Arts Theatre Inc ($236k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 31% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.