New River House Inc
EIN: 521257779 · Blacksburg, VA
| Metric | Value |
|---|---|
| Total Revenue | $624K |
| Total Expenses | $682K |
| Net Assets | $-844,297 |
Is New River House Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New River House Inc
New River House Inc (EIN: 521257779) is a nonprofit organization based in Blacksburg, VA. The organization reported total revenue of $624K and total assets of $693K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New River House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New River House Inc is a small nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $585K |
| Total Expenses | $682K |
| Surplus / Deficit | $-96,843 |
| Total Assets | $778K |
| Total Liabilities | $1.6M |
| Net Assets | $-844,297 |
| Operating Margin | -16.5% |
| Debt-to-Asset Ratio | 208.5% |
| Months of Reserves | 13.7 months |
Financial Health Grade: C
In 2023, New River House Inc reported a deficit of $97K with expenses exceeding revenue, holds 13.7 months of operating reserves (strong position), has a debt-to-asset ratio of 208.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New River House Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.0% | +7.9% | +2.6% |
| 2022 | +16.2% | -1.1% | +7.1% |
| 2021 | +0.6% | +1.0% | -10.0% |
| 2020 | -2.0% | +6.1% | -2.4% |
| 2019 | +2.8% | +9.5% | -0.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New River House 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 New River House 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 $97K, with expenses exceeding revenue.
- Debt-to-asset ratio: 208.5%.
Frequently Asked Questions about New River House Inc
Is New River House Inc a legitimate charity?
New River House Inc (EIN: 521257779) is a registered tax-exempt nonprofit based in Virginia. It has 13 years of IRS 990 filings on record. Total revenue: $624K. No red flags identified. Financial health grade: C.
How does New River House Inc spend its money?
New River House Inc reported $624K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New River House Inc tax-deductible?
New River House Inc is registered as a tax-exempt nonprofit (EIN: 521257779). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New River House Inc located?
New River House Inc is headquartered in Blacksburg, Virginia and files with the IRS under EIN 521257779.
How many years of IRS 990 filings does New River House Inc have?
New River House Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $624K in total revenue.
Filing History
IRS 990 filing history for New River House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New River House Inc's revenue has grown by 38%, moving from $424K to $585K. Total assets decreased by 12.8% over the same period, from $892K to $778K. Total functional expenses rose by 60.4%, from $425K to $682K. In its most recent filing year (2023), New River House Inc reported a deficit of $97K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $778K in assets (debt-to-asset ratio: 208.5%), resulting in net assets of $-844,297.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $585K | $682K | $778K | $1.6M | — | — |
| 2022 | $610K | $633K | $758K | $1.5M | — | View 990 |
| 2021 | $525K | $640K | $708K | $1.4M | — | View 990 |
| 2020 | $522K | $633K | $787K | $1.4M | — | — |
| 2019 | $532K | $597K | $806K | $1.3M | — | View 990 |
| 2018 | $518K | $545K | $813K | $1.2M | — | View 990 |
| 2017 | $489K | $535K | $831K | $1.2M | — | View 990 |
| 2016 | $496K | $517K | $827K | $1.2M | — | View 990 |
| 2015 | $470K | $495K | $871K | $1.2M | — | View 990 |
| 2014 | $442K | $475K | $855K | $1.2M | — | View 990 |
| 2013 | $425K | $460K | $910K | $1.2M | — | View 990 |
| 2012 | $441K | $440K | $881K | $1.1M | — | View 990 |
| 2011 | $424K | $425K | $892K | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $585K, expenses of $682K, and assets of $778K (revenue -4.0% year-over-year).
- 2022: Revenue of $610K, expenses of $633K, and assets of $758K (revenue +16.2% year-over-year).
- 2021: Revenue of $525K, expenses of $640K, and assets of $708K (revenue +0.6% year-over-year).
- 2020: Revenue of $522K, expenses of $633K, and assets of $787K (revenue -2.0% year-over-year).
- 2019: Revenue of $532K, expenses of $597K, and assets of $806K (revenue +2.8% year-over-year).
- 2018: Revenue of $518K, expenses of $545K, and assets of $813K (revenue +5.9% year-over-year).
- 2017: Revenue of $489K, expenses of $535K, and assets of $831K (revenue -1.5% year-over-year).
- 2016: Revenue of $496K, expenses of $517K, and assets of $827K (revenue +5.6% year-over-year).
- 2015: Revenue of $470K, expenses of $495K, and assets of $871K (revenue +6.5% year-over-year).
- 2014: Revenue of $442K, expenses of $475K, and assets of $855K (revenue +3.9% year-over-year).
- 2013: Revenue of $425K, expenses of $460K, and assets of $910K (revenue -3.7% year-over-year).
- 2012: Revenue of $441K, expenses of $440K, and assets of $881K (revenue +4.0% year-over-year).
- 2011: Revenue of $424K, expenses of $425K, and assets of $892K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New River House Inc:
Data Sources and Methodology
This transparency report for New River House 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.