Appalachian Commerce & Development

Analysis

Appalachian Commerce & Development is a registered charity in United States, based in Worthington, KY. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Commerce & Development reported income of $50k and spending of $132k, spending 261% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $50k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 175% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Appalachian Commerce & Development sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within KY. Charities of a similar size with the same main cause include Community Health Partnership of Mercer County ($50k), Minnesota Economic Development Foundation ($50k) and American Society of Heating Refrigerating & A-C Engineers ($50k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 73% of the total. Other salaries and wages came to $23k. At year end it held assets of $90k against liabilities of $150k, net assets of -$60k.