Public Charity

INVEST APPALACHIA INC

INVEST APPALACHIA INC, of ASHEVILLE, NC, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $4.6M in revenue, $2.3M in expenses, $5.4M in total assets. 9 publicly reported grants to this organization, totaling roughly $1.5M, appear in IRS filings.

EIN: 842748180 ASHEVILLE, NC Latest filing: 2024
Total Revenue$4.6M
Total Expenses$2.3M
Total Assets$5.4M
Grant Records9
Funding Total$1.5M
Filing Years2021–2024

Mission

INVEST APPALACHIA (IA) IS A REGIONAL IMPACT INVESTMENT PLATFORM DESIGNED BY AND FOR THE PEOPLE OF CENTRAL APPALACHIA. IA PROVIDES BLENDED INVESTMENT CAPITAL TO STRENGTHEN BUSINESS OPPORTUNITIES, BUILD EQUITABLE LOCAL WEALTH, ADVANCE CRITICAL SECTORS, AND INCREASE QUALITY OF LIFE FOR EVERYONE IN CENTRAL APPALACHIA. IA WAS INITIATED THROUGH THE APPALACHIA FUNDERS NETWORK AND DEVELOPED BY A COLLABORATIVE GROUP OF REGIONAL LEADERS REPRESENTING CDFIS, PUBLIC AND PRIVATE PHILANTHROPIC ENTITIES, LOCAL INSTITUTIONS, AND COMMUNITY ORGANIZATIONS.

Officers & Directors

EXECUTIVE DI Andrew Crosson
BOARD MEMBER Bill Pollard
BOARD MEMBER Bill Shelton
BOARD MEMBER Debbie Phillips
BOARD MEMBER Earl Gohl
BOARD MEMBER Karen Jacobson

Officer compensation and complete director data available with membership.

Top Grant Purposes

Unspecified
$510,000 2 grants
COMMUNITY IMPROVEMENT & CAPACITY BUILDING, COMMUNITY IMPROVEMENT & CAPACITY BUILDING
$500,000 1 grant
FOR PROGRAM SUPPORT.
$190,000 1 grant
TECHNOLOGY AND INNOVATION
$100,000 1 grant
COMMUNITY DEVELOPMENT
$69,750 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $4.6M $2.3M $5.4M
2023 $1.9M $2.3M $3.0M
2022 $3.9M $1.3M $3.2M
2021 $649K $444K $220K

Between 2021 and 2024, reported annual revenue grew from $649K to $4.6M (+602%), with total assets most recently reported at $5.4M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for INVEST APPALACHIA INC

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