Central Appalachian Rural Investment Corporation
Central Appalachian Rural Investment Corporation operates on a tight budget with zero executive compensation, showing fluctuating assets and recent liability increases.
EIN: 204780639 · London, KY · NTEE: S193 · Updated: 2026-03-28
Is Central Appalachian Rural Investment Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Central Appalachian Rural Investment Corporation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Central Appalachian Rural Investment Corporation
Central Appalachian Rural Investment Corporation (EIN: 204780639) is a nonprofit organization based in London, KY, classified under NTEE code S193. The organization reported total revenue of $304K and total assets of $544K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Central Appalachian Rural Investment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Central Appalachian Rural Investment Corporation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $304K |
| Total Expenses | $304K |
| Surplus / Deficit | $-15 |
| Total Assets | $293K |
| Total Liabilities | $120K |
| Net Assets | $173K |
| Operating Margin | -0.0% |
| Debt-to-Asset Ratio | 41.0% |
| Months of Reserves | 11.6 months |
Financial Health Grade: B
In 2023, Central Appalachian Rural Investment Corporation reported a deficit of $15 with expenses exceeding revenue, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 41.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Central Appalachian Rural Investment Corporation's revenue has declined at a compound annual growth rate (CAGR) of -8.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +0.0% | +69.5% |
| 2022 | +0.0% | +0.0% | -1.0% |
| 2021 | +0.0% | +0.0% | +-0.0% |
| 2020 | -5.9% | -5.9% | +0.0% |
| 2019 | -39.2% | -39.2% | -54.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Central Appalachian Rural Investment Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Central Appalachian Rural Investment Corporation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $15, with expenses exceeding revenue.
- Debt-to-asset ratio: 41.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual and suggests a volunteer-led or externally funded leadership structure.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Central Appalachian Rural Investment Corporation's IRS 990 filings:
- Significant increase in liabilities from $15 in 202212 to $120,272 in 202312 without clear explanation.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering full spending efficiency analysis.
- Fluctuating asset base, with current assets ($293,376 in 202312) significantly lower than historical highs ($651,716 in 201412).
Strengths
The following positive indicators were identified for Central Appalachian Rural Investment Corporation:
- Consistent 0% officer compensation, indicating strong commitment to mission over executive salaries.
- Revenues closely match expenses, suggesting efficient resource utilization and a lean operational model.
- Long filing history (13 filings) indicates consistent operation and compliance with IRS reporting requirements.
Frequently Asked Questions about Central Appalachian Rural Investment Corporation
Is Central Appalachian Rural Investment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Central Appalachian Rural Investment Corporation (EIN: 204780639) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Central Appalachian Rural Investment Corporation spend its money?
Central Appalachian Rural Investment Corporation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Central Appalachian Rural Investment Corporation tax-deductible?
Central Appalachian Rural Investment Corporation is registered as a tax-exempt nonprofit (EIN: 204780639). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in liabilities from $15 in 202212 to $120,272 in 202312?
The provided data does not specify the nature of this liability increase, but it represents a substantial change that could impact the organization's financial health and warrants further investigation.
How does the organization sustain its operations with 0% officer compensation?
The consistent 0% officer compensation suggests that leadership may be volunteer-based, compensated through other entities, or that the organization's structure minimizes direct salary expenses for its officers, which is a notable operational model.
What is the detailed breakdown of expenses into program, administrative, and fundraising costs?
The provided IRS 990 data only shows total expenses. A detailed breakdown is necessary for a more precise assessment of spending efficiency and program focus.
What is the long-term strategy for asset growth and reserve building, given the fluctuating asset levels?
Assets have varied significantly over the years, from a high of $651,716 in 201412 to $293,376 in 202312. Understanding the strategy behind these fluctuations and for building reserves is important for long-term sustainability.
Filing History
IRS 990 filing history for Central Appalachian Rural Investment Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Central Appalachian Rural Investment Corporation's revenue has declined by 65.1%, moving from $872K to $304K. Total assets decreased by 63.5% over the same period, from $805K to $293K. Total functional expenses fell by 65%, from $867K to $304K. In its most recent filing year (2023), Central Appalachian Rural Investment Corporation reported a deficit of $15, with expenses exceeding revenue. The organization holds $120K in liabilities against $293K in assets (debt-to-asset ratio: 41.0%), resulting in net assets of $173K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $304K | $304K | $293K | $120K | — | — |
| 2022 | $304K | $304K | $173K | $15 | — | View 990 |
| 2021 | $304K | $304K | $175K | $2K | — | View 990 |
| 2020 | $304K | $304K | $175K | $2K | — | View 990 |
| 2019 | $323K | $323K | $175K | $2K | — | View 990 |
| 2018 | $531K | $531K | $385K | $211K | — | View 990 |
| 2017 | $588K | $588K | $284K | $111K | — | View 990 |
| 2016 | $729K | $729K | $362K | $188K | — | View 990 |
| 2015 | $729K | $729K | $516K | $343K | — | View 990 |
| 2014 | $729K | $729K | $652K | $478K | — | View 990 |
| 2013 | $729K | $729K | $660K | $486K | — | View 990 |
| 2012 | $717K | $738K | $735K | $561K | — | View 990 |
| 2011 | $872K | $867K | $805K | $621K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $304K, expenses of $304K, and assets of $293K (revenue +0.0% year-over-year).
- 2022: Revenue of $304K, expenses of $304K, and assets of $173K (revenue +0.0% year-over-year).
- 2021: Revenue of $304K, expenses of $304K, and assets of $175K (revenue +0.0% year-over-year).
- 2020: Revenue of $304K, expenses of $304K, and assets of $175K (revenue -5.9% year-over-year).
- 2019: Revenue of $323K, expenses of $323K, and assets of $175K (revenue -39.2% year-over-year).
- 2018: Revenue of $531K, expenses of $531K, and assets of $385K (revenue -9.7% year-over-year).
- 2017: Revenue of $588K, expenses of $588K, and assets of $284K (revenue -19.3% year-over-year).
- 2016: Revenue of $729K, expenses of $729K, and assets of $362K (revenue +-0.0% year-over-year).
- 2015: Revenue of $729K, expenses of $729K, and assets of $516K (revenue +-0.0% year-over-year).
- 2014: Revenue of $729K, expenses of $729K, and assets of $652K (revenue +-0.0% year-over-year).
- 2013: Revenue of $729K, expenses of $729K, and assets of $660K (revenue +1.6% year-over-year).
- 2012: Revenue of $717K, expenses of $738K, and assets of $735K (revenue -17.8% year-over-year).
- 2011: Revenue of $872K, expenses of $867K, and assets of $805K.
Data Sources and Methodology
This transparency report for Central Appalachian Rural Investment Corporation 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.