Nrva Inc

Analysis

Nrva Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in December 2005, 21 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2024, Nrva Inc reported income of $536k and spending of $418k, leaving 22% of income unspent that year. Across the 6 years on record, from August 2019 to August 2024, income grew from $417k to $536k (+29%), an average of +5.2% a year. The sharpest change came in the year to August 2020, when income dropped by 32%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nrva Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within VA. Charities of a similar size with the same main cause include Nebraska USA Wrestling Inc ($536k), Little League Baseball Inc ($536k) and Long Island Amateur Hockey League Inc ($536k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 7.2% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $95k (23% of expenses). Other salaries and wages came to $159k. At year end it held assets of $1.1m against liabilities of $5,417, net assets of $1.1m. It reported 21 employees.