Junior League of Asheville Inc

Analysis

Junior League of Asheville Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in October 1942, 84 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Junior League of Asheville Inc reported income of $63k and spending of $107k, spending 170% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $69k to $63k (-9.6%), an average of -2.5% a year. The sharpest change came in the year to May 2023, when income rose by 125%. Over the whole period it spent 145% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Junior League of Asheville Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within NC. Charities of a similar size with the same main cause include Sun Prairie Rotary Foundation Inc ($63k), Taylorsville Arts Council ($63k) and Lions Club of Yorktown Charities Inc ($63k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $1.1m against liabilities of $7,034, net assets of $1.1m.