Appalachian Center for Hope Inc

Analysis

Appalachian Center for Hope Inc is a registered charity in United States, based in Marion, VA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Appalachian Center for Hope Inc reported income of $100k and spending of $20k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $150k to $100k (-33%), an average of -33% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 24% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Appalachian Center for Hope Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within VA. Charities of a similar size with the same main cause include National Opportunity Project Inc ($100k), Tax and Legal Service Inc ($100k) and Sycamore Township CIC Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $190k against liabilities of $0, net assets of $190k.