Appalachian Community Development Core Inc

Analysis

Appalachian Community Development Core Inc is a registered charity in United States, based in Hazard, KY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Appalachian Community Development Core Inc reported income of $277k and spending of $10, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $38k to $277k (+624%), an average of +64% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 12% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Appalachian Community Development Core Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include Kwon S Foundation Inc ($277k), Dosti Foundation ($277k) and Utec Hub Inc ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $769k against liabilities of $472k, net assets of $297k.