The American Chestnut Foundation

Analysis

The American Chestnut Foundation is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2024, The American Chestnut Foundation reported income of $3.4m and spending of $3.7m, spending 109% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $3.4m (+22%), an average of +5.1% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 91% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, The American Chestnut Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Catskill Center for Conservation and Development Inc ($3.4m), Stewardship West ($3.4m) and Friends of Schlitz-Audubon Center Inc ($3.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $349k (9.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.9m against liabilities of $690k, net assets of $9.3m. It reported 34 employees.