Appalachian Independence Center Inc

Analysis

Appalachian Independence Center Inc is a registered charity in United States, based in Abingdon, VA. It received its IRS tax-exemption ruling in November 1988, 38 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 2024, Appalachian Independence Center Inc reported income of $548k and spending of $571k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $417k to $548k (+31%), an average of +7.1% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Appalachian Independence Center Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within VA. Charities of a similar size with the same main cause include South Dakota Grass Lands Coalition ($548k), Americas Central Port Foundation I Inc ($548k) and Zoar Community Association ($548k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $67k (12% of expenses). Other salaries and wages came to $267k. At year end it held assets of $415k against liabilities of $54k, net assets of $361k. It reported 8 employees.