Appalachian Artisan Center of Kentucky Inc

Analysis

Appalachian Artisan Center of Kentucky Inc is a registered charity in United States, based in Hindman, KY. It received its IRS tax-exemption ruling in March 2001, 25 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 June 2023, Appalachian Artisan Center of Kentucky Inc reported income of $1.5m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $222k to $1.5m (+598%), an average of +63% a year. The sharpest change came in the year to June 2020, when income rose by 122%. Over the whole period it spent 125% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Appalachian Artisan Center of Kentucky Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include American Prospect Inc ($1.5m), Troopers Drum and Bugle Corps Inc ($1.5m) and Port Gamble Sklallam Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $50k (3.4% of expenses). Other salaries and wages came to $445k. At year end it held assets of $5.5m against liabilities of $741k, net assets of $4.7m. It reported 18 employees.