Blue Ridge Mutual Association Inc
EIN: 540515978 · Galax, VA
Is Blue Ridge Mutual Association Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Blue Ridge Mutual Association Inc
Blue Ridge Mutual Association Inc (EIN: 540515978) is a nonprofit organization based in Galax, VA. The organization reported total revenue of $525K and total assets of $5.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Blue Ridge Mutual Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Blue Ridge Mutual Association Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $397K |
| Total Expenses | $639K |
| Surplus / Deficit | $-241,261 |
| Total Assets | $5.9M |
| Net Assets | $5.9M |
| Operating Margin | -60.7% |
| Months of Reserves | 111.4 months |
Financial Health Grade: B
In 2023, Blue Ridge Mutual Association Inc reported a deficit of $241K with expenses exceeding revenue, holds 111.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Blue Ridge Mutual Association Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.9% | +9.6% | -5.7% |
| 2022 | -48.6% | -25.7% | -9.3% |
| 2021 | +13.7% | +8.3% | -1.7% |
| 2020 | -24.5% | -2.2% | -3.7% |
| 2019 | +57.5% | -6.0% | +13.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Blue Ridge Mutual Association Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Blue Ridge Mutual Association Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $241K, with expenses exceeding revenue.
Frequently Asked Questions about Blue Ridge Mutual Association Inc
Is Blue Ridge Mutual Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Blue Ridge Mutual Association Inc (EIN: 540515978) insufficient data. 0 red flags identified, 0 strengths noted.
How does Blue Ridge Mutual Association Inc spend its money?
Detailed spending breakdown data is not yet available for Blue Ridge Mutual Association Inc. Check back for updated IRS 990 analysis.
Are donations to Blue Ridge Mutual Association Inc tax-deductible?
Blue Ridge Mutual Association Inc is registered as a tax-exempt nonprofit (EIN: 540515978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Blue Ridge Mutual Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Blue Ridge Mutual Association Inc's revenue has declined by 30.1%, moving from $569K to $397K. Total assets decreased by 31.6% over the same period, from $8.7M to $5.9M. Total functional expenses fell by 22.1%, from $820K to $639K. In its most recent filing year (2023), Blue Ridge Mutual Association Inc reported a deficit of $241K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $397K | $639K | $5.9M | $0 | — | View 990 |
| 2022 | $409K | $583K | $6.3M | $0 | — | View 990 |
| 2021 | $797K | $784K | $6.9M | $0 | — | — |
| 2020 | $701K | $724K | $7.0M | $0 | — | — |
| 2019 | $927K | $740K | $7.3M | $0 | — | — |
| 2018 | $589K | $787K | $6.4M | $44K | — | View 990 |
| 2017 | $590K | $730K | $6.6M | $44K | — | View 990 |
| 2016 | $410K | $745K | $6.8M | $41K | — | View 990 |
| 2015 | $575K | $762K | $7.1M | $39K | — | View 990 |
| 2014 | $485K | $886K | $7.3M | $35K | — | View 990 |
| 2013 | $350K | $946K | $7.7M | $38K | — | View 990 |
| 2012 | $497K | $862K | $8.3M | $38K | — | View 990 |
| 2011 | $569K | $820K | $8.7M | $38K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $397K, expenses of $639K, and assets of $5.9M (revenue -2.9% year-over-year).
- 2022: Revenue of $409K, expenses of $583K, and assets of $6.3M (revenue -48.6% year-over-year).
- 2021: Revenue of $797K, expenses of $784K, and assets of $6.9M (revenue +13.7% year-over-year).
- 2020: Revenue of $701K, expenses of $724K, and assets of $7.0M (revenue -24.5% year-over-year).
- 2019: Revenue of $927K, expenses of $740K, and assets of $7.3M (revenue +57.5% year-over-year).
- 2018: Revenue of $589K, expenses of $787K, and assets of $6.4M (revenue -0.1% year-over-year).
- 2017: Revenue of $590K, expenses of $730K, and assets of $6.6M (revenue +44.0% year-over-year).
- 2016: Revenue of $410K, expenses of $745K, and assets of $6.8M (revenue -28.8% year-over-year).
- 2015: Revenue of $575K, expenses of $762K, and assets of $7.1M (revenue +18.6% year-over-year).
- 2014: Revenue of $485K, expenses of $886K, and assets of $7.3M (revenue +38.6% year-over-year).
- 2013: Revenue of $350K, expenses of $946K, and assets of $7.7M (revenue -29.6% year-over-year).
- 2012: Revenue of $497K, expenses of $862K, and assets of $8.3M (revenue -12.6% year-over-year).
- 2011: Revenue of $569K, expenses of $820K, and assets of $8.7M.
Data Sources and Methodology
This transparency report for Blue Ridge Mutual Association Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.