Asheville Poverty Initiative is a 501(c)(3) organization based in Asheville, North Carolina, registered in 2016, with $604,660 in FY2025 revenue. CharityIndex grades it B.
Revenue (FY2025)
$605K
▲ 10.1% vs prior year
Food & Agriculture median: $197K
Expenses (FY2025)
$412K
Net assets
$676K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Asheville Poverty Initiative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Asheville Poverty Initiative: 20 mo reserves · +32% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Asheville Poverty Initiative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Asheville Poverty Initiative: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $330K (FY2020) to $605K (FY2025) across 6 reported years.
Financial snapshot
Operating margin
31.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$687K
Total liabilities
$11K
Net assets
$676K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $604,660▲10.1% | $412,399▲26.3% | $676,089▲39.7% | $686,666▲37.3% | 990 |
| 2024 | $548,987▲154% | $326,429▲65.2% | $483,828▲85.2% | $499,950▲86.1% | 990 |
| 2023 | $216,222▲23.4% | $197,647▲9.1% | $261,270▲7.7% | $268,588▲8.5% | 990 |
| 2022 | $175,151▲7.2% | $181,182▼6.4% | $242,695▼2.4% | $247,584▼2.0% | 990EZ |
| 2021 | $163,398▼50.5% | $193,477▲17.1% | $248,726▼10.8% | $252,653▼10.6% | 990EZ |
| 2020 | $330,160 | $165,217 | $278,805 | $282,576 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
16 grants to Asheville Poverty Initiative totaling $478K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Community Foundation of Western North Carolina Inc | Building community & economic vitality | 2024 | $60,500 |
| Independent Charitable Gift Fund | General support | 2024 | $15,000 |
| Amalgamated Charitable Foundation Inc | Project support | 2024 | $15,000 |
| The Community Foundation of Western North Carolina Inc | Building community & economic vitality | 2023 | $16,972 |
| Donor Advised Charitable Giving | Human services | 2023 | $5,750 |
| The Community Foundation of Western North Carolina Inc | Assisting people in need | 2022 | $15,500 |
| Ayco Charitable Foundation | Community & human services | 2021 | $10,000 |
| Communities Foundation of Texas | This grant is designated for general support. | 2021 | $7,200 |
| Communities Foundation of Texas | This grant is designated for general support. | 2020 | $116,500 |
| Communities Foundation of Texas | This grant is designated for general support. | 2020 | $116,500 |
| Donor Advised Charitable Giving | Human services | 2020 | $11,560 |
| Donor Advised Charitable Giving | Human services | 2020 | $11,560 |
| Communities Foundation of Texas | This grant is designated for general support. | 2019 | $40,000 |
| Communities Foundation of Texas | This grant is designated for general support. no benefits to be received from this grant. | 2018 | $14,300 |
| Communities Foundation of Texas | This grant is designated for general support. | 2017 | $14,200 |
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Data for Asheville Poverty Initiative (EIN 81-0757744) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.