Invest Appalachia Inc

Analysis

Invest Appalachia Inc is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Invest Appalachia Inc reported income of $1.9m and spending of $2.3m, spending 122% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $649k to $1.9m (+196%), an average of +72% a year. The sharpest change came in the year to December 2022, when income rose by 509%. Over the whole period it spent 63% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Invest Appalachia Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Global Justice Ecology Project Inc ($1.9m), Colorado Coalition of Land Trusts ($1.9m) and Secore International Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $120k (5.1% of expenses). Other salaries and wages came to $80k. At year end it held assets of $3.0m against liabilities of $622k, net assets of $2.4m. It reported 2 employees.