Federation of Appalachian Housing Enterprises Inc

Analysis

Federation of Appalachian Housing Enterprises Inc is a registered charity in United States, based in Berea, KY. It received its IRS tax-exemption ruling in November 1980, 46 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Federation of Appalachian Housing Enterprises Inc reported income of $24.9m and spending of $19.6m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.9m to $24.9m (+216%), an average of +33% a year. The sharpest change came in the year to June 2020, when income rose by 64%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Federation of Appalachian Housing Enterprises Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within KY. Charities of a similar size with the same main cause include The Lutheran Village at Millers Grant Inc ($24.8m), Lasell Village Inc ($24.9m) and Baywood Court ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $910k (4.6% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $115.0m against liabilities of $71.9m, net assets of $43.1m. It reported 98 employees.