New Road Community Development Group of Exmore

Analysis

New Road Community Development Group of Exmore is a registered charity in United States, based in Exmore, VA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, New Road Community Development Group of Exmore reported income of $954k and spending of $1.3m, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $219k to $954k (+335%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Road Community Development Group of Exmore 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 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Mental Health Housing Foundation ($953k), Voice of the People in Uptown Inc ($954k) and South of Downtown Community Development Organization ($953k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $2.6m against liabilities of $3.3m, net assets of -$706k.