CV Appalachian Cde Inc

Analysis

CV Appalachian Cde Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in January 2020, 6 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 (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, CV Appalachian Cde Inc reported income of $1.4m and spending of $332k, leaving 76% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $2.7m to $1.4m (-48%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 282%. Over the whole period it spent 14% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, CV Appalachian Cde Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within KY. Charities of a similar size with the same main cause include MSMC Realty Corporation ($1.4m), Fortis Capital ($1.4m) and Downtown Glendale Association ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.2m against liabilities of $59k, net assets of $4.1m.