Skip to content

North Carolina · Nonprofit

ASHEVILLE WATCHDOG

ASHEVILLE WATCHDOG (North Carolina) receives grants from 18 organizations whose IRS filings report $680,713 to it, the largest being AMERICAN ENDOWMENT FOUNDATION ($200,000). 13 of them have funded it in more than one year, and 85% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2025
$665k
Funders on record
18
Grants received
$681k
Net assets
$735k
13/18 repeat funderspeak grant-dependency 63%
01What it does

What Asheville Watchdog does

Mission

Our mission is to inform and engage the citizens of asheville and surrounding communities by providing fair, factual and reliable in-depth news stories about local government, institutions, issues, and people.

As stated on its FY2025 Form 990.

Program

  1. Asheville Watchdog published 355 stories on our website in 2025, reaching 1,695,132 unique visitors. Our in-depth investigative and local accountability stories about people and institutions in asheville and western north carolina received 6 million views on our facebook page and 1.9 million views on our instagram account. We hosted three free community events, and our staff spoke to more than a dozen student and community groups about the importance of local journalism. We also added two reporters to our staff of investigative journalists and hired our first director of development

    $465,584 spent
    100% of program spending

The program described on its FY2025 Form 990. Program spending in total: $465,584.

02The organization over time

The organization over time

Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20212021 Revenue 100 ($99k) Expenses 100 ($26k) Net assets 100 ($90k)2022 Revenue 461 ($456k) Expenses 304 ($80k) Net assets 515 ($466k)2023 Revenue 431 ($426k) Expenses 1110 ($294k) Net assets 640 ($579k)2024 Revenue 635 ($627k) Expenses 1837 ($487k) Net assets 817 ($739k)2025 Revenue 673 ($665k) Expenses 2524 ($669k) Net assets 813 ($735k)
20212022202320242025
Revenue (673)Expenses (2524)Net assets (813)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $90k to $468k (+418%).

$90k
$468k
$587k
$754k
$716k
20212022202320242025
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

94% of ASHEVILLE WATCHDOG’s revenue is contributions — more reliant on donations than three-quarters of its peers (64% for the typical peer).

This organization
Typical peer · 19,618 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.

$72k
’21
$375k
’22
$132k
’23
$141k
’24
−$3k
’25
2.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Catrina Lloyd

Executive director

Board chair

Selena Lauterer

Board chair

As listed on its FY2025 Form 990.

2022202320242025
Listed75611
Joined·+2+1+9
No longer listed·404
03Who funds it

Who funds it, year by year

2021 → 2023: the base broadened from 2 funders to 13 funders, grant income rose $28k → $126k.

8 of 18 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 85% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of ASHEVILLE WATCHDOG’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

ASHEVILLE WATCHDOG has a broad base — no single funder exceeds 29% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

91% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund ASHEVILLE WATCHDOG.

29%
largest funder
56%
top three
~7
effective funders

Largest funder’s share by year: 2021 77% · 2022 69% · 2023 24% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

85% of ASHEVILLE WATCHDOG's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $104k that is directly attributable, 91% of it comes from funders outside North Carolina, across 8 states.

IL
NY
CA
VA
DE
NC
TX
FL

In-state vs out-of-state, by year

’22
’23
North Carolina out of state home

Funder states come from each funder’s own filing. $577k arriving through sponsors registered in 8 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

ASHEVILLE WATCHDOG has grown faster than three-quarters of the 12,262 arts & culture nonprofits its size.

Operating margin−1% · below the median
Months of reserve2.7mo · below the median
Revenue growth (annualized)61% · top quartile

this organization peer median middle 50% of peers· 12,262 arts & culture nonprofits $100k–$1M, FY2025

Organizations like ASHEVILLE WATCHDOG

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In North Carolina

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

70% of spending goes to programs.

Program 70%Management 13%Fundraising 18%

Governance

8
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

98%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Screen this organization

A dated, signed PDF of the compliance screen for ASHEVILLE WATCHDOG: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds ASHEVILLE WATCHDOG?
ASHEVILLE WATCHDOG (North Carolina) receives grants from 18 organizations whose IRS filings report $680,713 to it, the largest being AMERICAN ENDOWMENT FOUNDATION ($200,000). 13 of them have funded it in more than one year, and 85% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does ASHEVILLE WATCHDOG have?
IRS filings report 18 organizations giving $680,713 in grants to ASHEVILLE WATCHDOG, 13 of which have funded it in more than one year.
Who is the largest funder of ASHEVILLE WATCHDOG?
AMERICAN ENDOWMENT FOUNDATION is the largest funder on record, with $200,000 in grants. The full list of funders is on this page.
How can an organization like ASHEVILLE WATCHDOG find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Asheville Watchdog →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2021–2025), and the filings of 18 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing