Shaping Our Appalachian Region Inc

Analysis

Shaping Our Appalachian Region Inc is a registered charity in United States, based in Pikeville, KY. It received its IRS tax-exemption ruling in February 2015, 11 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 June 2023, Shaping Our Appalachian Region Inc reported income of $2.9m and spending of $2.0m, leaving 31% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.9m (+95%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Shaping Our Appalachian Region Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KY. Charities of a similar size with the same main cause include Little Rock Workforce Development Board ($2.9m), Brite Energy Innovators ($2.9m) and West Central Wisconsin Workforce Development Board Inc ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% and program service revenue 8.4% of the total. Other salaries and wages came to $603k. At year end it held assets of $3.3m against liabilities of $155k, net assets of $3.2m. It reported 13 employees.