Appalachian Center for Economic Networks Inc

Analysis

Appalachian Center for Economic Networks Inc is a registered charity in United States, based in Athens, OH. It received its IRS tax-exemption ruling in February 1986, 40 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 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 December 2023, Appalachian Center for Economic Networks Inc reported income of $1.3m and spending of $1.4m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $847k to $1.3m (+54%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 25%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Appalachian Center for Economic Networks Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within OH. Charities of a similar size with the same main cause include Kansas Rural Communities Foundation ($1.3m), Four Block Foundation Inc ($1.3m) and Cattaraugus-Allegny Workforce Investment Board Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $79k (5.8% of expenses). Other salaries and wages came to $453k. At year end it held assets of $3.0m against liabilities of $593k, net assets of $2.4m. It reported 16 employees.