Hope for Appalachia Incorporated

Analysis

Hope for Appalachia Incorporated is a registered charity in United States, based in Charleston, WV. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Hope for Appalachia Incorporated reported income of $168k and spending of $123k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $75k to $168k (+125%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hope for Appalachia Incorporated sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 47th percentile within WV. Charities of a similar size with the same main cause include Ecp Cares Inc ($168k), Ok You Inc ($168k) and Consolata Healthcare Foundation ($168k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $27k (22% of expenses). Other salaries and wages came to $65k. At year end it held assets of $203k against liabilities of $0, net assets of $203k.