Appalshop Inc

Analysis

Appalshop Inc is a registered charity in United States, based in Whitesburg, KY. It received its IRS tax-exemption ruling in May 1976, 50 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Appalshop Inc reported income of $2.4m and spending of $3.6m, spending 150% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.3m to $2.4m (+3.5%), an average of +0.9% a year. The sharpest change came in the year to September 2022, when income rose by 103%. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Appalshop Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within KY. Charities of a similar size with the same main cause include Boston 4 Celebrations Foundation Inc ($2.4m), Site Santa Fe ($2.4m) and Lightner Museum of Hobbies ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $421k (12% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $8.3m against liabilities of $100k, net assets of $8.2m. It reported 31 employees.