New River Historical Society

Analysis

New River Historical Society is a registered charity in United States, based in Newbern, VA. It received its IRS tax-exemption ruling in June 1976, 50 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 December 2023, New River Historical Society reported income of $73k and spending of $59k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $113k to $73k (-35%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New River Historical Society sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include PTA Texas Congress ($73k), Norfolk Golden Girls Inc ($73k) and Terra Marine Research & Education Inc ($73k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 23% of the total. At year end it held assets of $609k against liabilities of $6,968, net assets of $602k.