New River Cottage Inc

Analysis

New River Cottage Inc is a registered charity in United States, based in Sparta, NC. It received its IRS tax-exemption ruling in February 1996, 30 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).

In the financial year ending June 2024, New River Cottage Inc reported income of $759k and spending of $789k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $566k to $759k (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2023, when income rose by 99%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New River Cottage Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Telacu Housing Rialto II Inc ($759k), Silver Lake Housing Inc ($759k) and White River Senior Housing Inc ($759k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $408k. At year end it held assets of $351k against liabilities of $183k, net assets of $168k. It reported 23 employees.