New River Family Shelter Inc

Analysis

New River Family Shelter Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, New River Family Shelter Inc reported income of $156k and spending of $140k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $94k to $156k (+66%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 49%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New River Family Shelter Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within VA. Charities of a similar size with the same main cause include Alaskas Healing Hearts ($156k), Integrated Solutions 360 ($156k) and Veterans in Need Foundation Inc ($156k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $46k (33% of expenses). At year end it held assets of $337k against liabilities of $3,864, net assets of $334k. It reported 1 employees.