Beloved Asheville

Analysis

Beloved Asheville is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in December 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, Beloved Asheville reported income of $1.8m and spending of $478k, leaving 73% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $1.8m (+54%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 29% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Beloved Asheville 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 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Bridge North Charleston ($1.8m), Reach Foundation ($1.8m) and Mission Towers ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $57k. At year end it held assets of $4.0m against liabilities of $541, net assets of $4.0m. It reported 3 employees.