Hatch Avl Foundation

Analysis

Hatch Avl Foundation is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in April 2017, 9 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, Hatch Avl Foundation reported income of $113k and spending of $189k, spending 166% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $185k to $113k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Hatch Avl Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include Ethiopian Community Services Inc ($113k), Gamaliel of California ($113k) and Missouri Valley Growth Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $123k against liabilities of $2,226, net assets of $121k.