Appalachian Community Action & Development Agency Inc

Analysis

Appalachian Community Action & Development Agency Inc is a registered charity in United States, based in Gate City, VA. It received its IRS tax-exemption ruling in April 1965, 61 years ago. 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, Appalachian Community Action & Development Agency Inc reported income of $3.0m and spending of $2.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.0m (+113%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Appalachian Community Action & Development Agency 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 90th percentile within VA. Charities of a similar size with the same main cause include Greater Milwaukee Committee for Community Development ($3.0m), Inner City Educational and Recreational Fund ($3.0m) and New School Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Other salaries and wages came to $977k. At year end it held assets of $1.8m against liabilities of $459k, net assets of $1.4m. It reported 27 employees.