New River House Inc

Analysis

New River House Inc is a registered charity in United States, based in Blacksburg, VA. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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 September 2023, New River House Inc reported income of $585k and spending of $682k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $532k to $585k (+10%), an average of +2.4% a year. The sharpest change came in the year to September 2022, when income rose by 16%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New River House Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include One Tail at a Time - PDX ($585k), Angels in Motion Learning Center Inc ($585k) and Meadows Amateur Ski Racing Association ($585k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.3% and program service revenue 100% of the total. At year end it held assets of $778k against liabilities of $1.6m, net assets of -$844k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.