Appalachian Opportunity Fund

Analysis

Appalachian Opportunity Fund is a registered charity in United States, based in Johnson City, TN. It received its IRS tax-exemption ruling in January 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Appalachian Opportunity Fund reported income of $322k and spending of $312k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $162k to $322k (+98%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Appalachian Opportunity Fund sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Beautiful Life ($321k), Arizona Fair Housing Center ($322k) and First Baptist Housing Development Corporation I ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $238k. At year end it held assets of $128k against liabilities of $692, net assets of $128k. It reported 6 employees.