Appalachian Affordable Housing

Analysis

Appalachian Affordable Housing is a registered charity in United States, based in Newport, TN. It received its IRS tax-exemption ruling in November 2021, 5 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 July 2024, Appalachian Affordable Housing reported income of $59k and spending of $15k, leaving 75% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $5,713 to $59k (+935%), an average of +79% a year. The sharpest change came in the year to July 2023, when income rose by 439%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Appalachian Affordable Housing sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within TN. Charities of a similar size with the same main cause include People Improving Communities and Neighborhoods ($59k), Urban Link Avodah ($59k) and Housing Works Harlem Housing Development Fund Corporation ($59k).

On its Form 990 for the period ending July 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $561k against liabilities of $4,547, net assets of $556k.