New River Valley Habitat for Humanity Inc

Analysis

New River Valley Habitat for Humanity Inc is a registered charity in United States, based in Christiansbrg, VA. It received its IRS tax-exemption ruling in June 1987, 39 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 Valley Habitat for Humanity Inc reported income of $2.2m and spending of $1.4m, leaving 38% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $2.2m (+83%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New River Valley Habitat for Humanity 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 87th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Mississippi Christian Family Services ($2.2m), Lakeview Christian Academy Inc ($2.2m) and Nathan Hale Housing Company Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $67k (4.8% of expenses). Other salaries and wages came to $564k. At year end it held assets of $3.5m against liabilities of $326k, net assets of $3.2m. It reported 29 employees.