Asheville Poverty Initiative
EIN: 810757744 · Asheville, NC · NTEE: K34
| Metric | Value |
|---|---|
| Total Revenue | $551K |
| Total Expenses | $198K |
| Net Assets | $261K |
Is Asheville Poverty Initiative Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Asheville Poverty Initiative
Asheville Poverty Initiative (EIN: 810757744) is a nonprofit organization based in Asheville, NC, classified under NTEE code K34. The organization reported total revenue of $551K and total assets of $500K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Asheville Poverty Initiative's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Asheville Poverty Initiative is a small nonprofit that has been operating for 10 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 13.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $216K |
| Total Expenses | $198K |
| Surplus / Deficit | +$19K |
| Total Assets | $269K |
| Total Liabilities | $7K |
| Net Assets | $261K |
| Operating Margin | 8.6% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 16.3 months |
Financial Health Grade: A
In 2023, Asheville Poverty Initiative reported a surplus of $19K with revenue exceeding expenses, holds 16.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 7 years of filings (2017–2023), Asheville Poverty Initiative's revenue has grown at a compound annual growth rate (CAGR) of 13.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.4% | +9.1% | +8.5% |
| 2022 | +7.2% | -6.4% | -2.0% |
| 2021 | -50.5% | +17.1% | -10.6% |
| 2020 | +91.4% | +25.0% | +142.7% |
| 2019 | +82.6% | +41.5% | +54.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Asheville Poverty Initiative has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Asheville Poverty Initiative with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $19K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.7%.
Frequently Asked Questions about Asheville Poverty Initiative
Is Asheville Poverty Initiative a legitimate charity?
Asheville Poverty Initiative (EIN: 810757744) is a registered tax-exempt nonprofit based in North Carolina. It has 7 years of IRS 990 filings on record. Total revenue: $551K. No red flags identified. Financial health grade: A.
How does Asheville Poverty Initiative spend its money?
Asheville Poverty Initiative reported $551K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Asheville Poverty Initiative tax-deductible?
Asheville Poverty Initiative is registered as a tax-exempt nonprofit (EIN: 810757744). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Asheville Poverty Initiative located?
Asheville Poverty Initiative is headquartered in Asheville, North Carolina and files with the IRS under EIN 810757744. It is classified under NTEE code K34.
How many years of IRS 990 filings does Asheville Poverty Initiative have?
Asheville Poverty Initiative has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $551K in total revenue.
Filing History
IRS 990 filing history for Asheville Poverty Initiative showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Asheville Poverty Initiative's revenue has grown by 114.2%, moving from $101K to $216K. Total assets increased by 263.4% over the same period, from $74K to $269K. Total functional expenses rose by 300%, from $49K to $198K. In its most recent filing year (2023), Asheville Poverty Initiative reported a surplus of $19K, with revenue exceeding expenses. The organization holds $7K in liabilities against $269K in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $261K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $216K | $198K | $269K | $7K | — | — |
| 2022 | $175K | $181K | $248K | $5K | — | View 990 |
| 2021 | $163K | $193K | $253K | $4K | — | View 990 |
| 2020 | $330K | $165K | $283K | $4K | — | — |
| 2019 | $172K | $132K | $116K | $3K | — | View 990 |
| 2018 | $94K | $93K | $75K | $2K | — | View 990 |
| 2017 | $101K | $49K | $74K | $875 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $216K, expenses of $198K, and assets of $269K (revenue +23.4% year-over-year).
- 2022: Revenue of $175K, expenses of $181K, and assets of $248K (revenue +7.2% year-over-year).
- 2021: Revenue of $163K, expenses of $193K, and assets of $253K (revenue -50.5% year-over-year).
- 2020: Revenue of $330K, expenses of $165K, and assets of $283K (revenue +91.4% year-over-year).
- 2019: Revenue of $172K, expenses of $132K, and assets of $116K (revenue +82.6% year-over-year).
- 2018: Revenue of $94K, expenses of $93K, and assets of $75K (revenue -6.4% year-over-year).
- 2017: Revenue of $101K, expenses of $49K, and assets of $74K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Asheville Poverty Initiative:
Data Sources and Methodology
This transparency report for Asheville Poverty Initiative is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.