Asheville Poverty Initiative

Analysis

Asheville Poverty Initiative is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in January 2016, 10 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 December 2023, Asheville Poverty Initiative reported income of $216k and spending of $198k, spending 91% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $330k to $216k (-35%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 47%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Asheville Poverty Initiative sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Domino Service Dogs ($216k), Echo West Texas ($216k) and Three Springs Community Farm Foundation Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Other salaries and wages came to $93k. At year end it held assets of $269k against liabilities of $7,318, net assets of $261k. It reported 7 employees.