New River Community Action Inc

Analysis

New River Community Action Inc is a registered charity in United States, based in Radford, VA. It received its IRS tax-exemption ruling in August 1966, 60 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New River Community Action Inc reported income of $8.1m and spending of $7.8m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $8.1m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New River Community Action Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include HFSF Grants Management Inc ($8.1m), Arden Shore Child and Family Service ($8.1m) and Community Resources for Children ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $192k (2.5% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $3.3m against liabilities of $1.2m, net assets of $2.2m. It reported 173 employees.