New York Rural Water Association Inc
New York Rural Water Association Inc: Steady Growth, Strong Reserves
EIN: 222257996 · Claverack, NY · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.5M |
| Program Spending | 75% |
| Net Assets | $5.0M |
| Transparency Score | 85/100 |
Is New York Rural Water Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New York Rural Water Association Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New York Rural Water Association Inc
New York Rural Water Association Inc (EIN: 222257996) is a nonprofit organization based in Claverack, NY. The organization reported total revenue of $2.9M and total assets of $5.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Rural Water Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New York Rural Water Association Inc is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$456K |
| Total Assets | $5.3M |
| Total Liabilities | $268K |
| Net Assets | $5.0M |
| Operating Margin | 15.5% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 25.5 months |
Financial Health Grade: A
In 2024, New York Rural Water Association Inc reported a surplus of $456K with revenue exceeding expenses, holds 25.5 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), New York Rural Water Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +4.4% | +3.1% | +10.0% |
| 2023 | +15.8% | +19.7% | +6.9% |
| 2022 | +15.1% | +17.2% | +9.1% |
| 2021 | +10.0% | +0.9% | +14.2% |
| 2020 | -1.7% | +3.3% | +8.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New York Rural Water Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New York Rural Water Association Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $456K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific compensation figures from the filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for New York Rural Water Association Inc:
- Consistent revenue growth from $1,753,389 in 2017 to $2,939,337 in 2024.
- Healthy asset growth from $2,644,221 in 2017 to $5,280,266 in 2024, indicating strong financial management.
- Low liabilities relative to assets, with liabilities at $267,754 in 2024 against $5,280,266 in assets.
Frequently Asked Questions about New York Rural Water Association Inc
Is New York Rural Water Association Inc a legitimate charity?
New York Rural Water Association Inc (EIN: 222257996) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.9M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does New York Rural Water Association Inc spend its money?
New York Rural Water Association Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New York Rural Water Association Inc tax-deductible?
New York Rural Water Association Inc is registered as a tax-exempt nonprofit (EIN: 222257996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New York Rural Water Association Inc's spending goes to programs?
New York Rural Water Association Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New York Rural Water Association Inc located?
New York Rural Water Association Inc is headquartered in Claverack, New York and files with the IRS under EIN 222257996.
How many years of IRS 990 filings does New York Rural Water Association Inc have?
New York Rural Water Association 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 $2.9M in total revenue.
What does New York Rural Water Association Inc do?
New York Rural Water Association Inc is a nonprofit organization in the Unknown sector, located in Claverack, New York. It is classified under NTEE code Unknown.
How much revenue does New York Rural Water Association Inc have?
New York Rural Water Association Inc reported total revenue of $2,930,366. Based on 13 IRS 990 filings on record.
What are New York Rural Water Association Inc's total assets?
New York Rural Water Association Inc holds total assets of $5,817,089 as reported in IRS 990 filings.
Where is New York Rural Water Association Inc located?
New York Rural Water Association Inc is based in Claverack, New York.
What is New York Rural Water Association Inc's EIN?
New York Rural Water Association Inc's Employer Identification Number (EIN) is 222257996. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New York Rural Water Association Inc?
New York Rural Water Association Inc is classified under NTEE code Unknown (Unknown).
Is New York Rural Water Association Inc a registered 501(c)(3)?
New York Rural Water Association Inc appears in IRS records (EIN: 222257996). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New York Rural Water Association Inc file IRS Form 990?
Yes, New York Rural Water Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202404.
What was New York Rural Water Association Inc's revenue in 2024?
In the 202404 filing period, New York Rural Water Association Inc reported total revenue of $2,939,337, total expenses of $2,483,330, and net assets of $5,280,266.
Is New York Rural Water Association Inc's revenue growing or declining?
New York Rural Water Association Inc's revenue is relatively stable. Revenue went from $2,815,592 (202304) to $2,939,337 (202404), a +4.4% change. Based on 13 filings on record.
What is New York Rural Water Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New York Rural Water Association Inc covers tax period 202404. It shows revenue of $2,939,337, expenses of $2,483,330, total assets of $5,280,266, and liabilities of $267,754.
How much does New York Rural Water Association Inc spend on programs vs administration?
Based on IRS 990 analysis, New York Rural Water Association Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is New York Rural Water Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New York Rural Water Association Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are New York Rural Water Association Inc's strengths?
Positive indicators for New York Rural Water Association Inc include: Consistent revenue growth from $1,753,389 in 2017 to $2,939,337 in 2024.. Healthy asset growth from $2,644,221 in 2017 to $5,280,266 in 2024, indicating strong financial management.. Low liabilities relative to assets, with liabilities at $267,754 in 2024 against $5,280,266 in assets.. These findings are derived from AI analysis of the organization's financial filings.
How does New York Rural Water Association Inc compensate executives?
Executive compensation cannot be assessed without specific compensation figures from the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization's consistent asset growth without significant liability increases impact its long-term sustainability?
The consistent growth in assets, from $2,644,221 in 2017 to $5,280,266 in 2024, coupled with relatively stable and low liabilities, suggests a very strong financial position. This indicates excellent long-term sustainability and the capacity to weather economic fluctuations or fund future initiatives without undue financial strain.
What is the trend in the organization's net assets over the provided period?
The net assets (assets minus liabilities) have shown a strong upward trend. For example, in 2017, net assets were approximately $2,432,488 ($2,644,221 - $211,733), growing to approximately $5,012,512 ($5,280,266 - $267,754) in 2024. This consistent increase reflects effective financial management and accumulation of resources.
Filing History
IRS 990 filing history for New York Rural Water Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), New York Rural Water Association Inc's revenue has grown by 76.5%, moving from $1.7M to $2.9M. Total assets increased by 209.6% over the same period, from $1.7M to $5.3M. Total functional expenses rose by 72.4%, from $1.4M to $2.5M. In its most recent filing year (2024), New York Rural Water Association Inc reported a surplus of $456K, with revenue exceeding expenses. The organization holds $268K in liabilities against $5.3M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $2.5M | $5.3M | $268K | — | View 990 |
| 2023 | $2.8M | $2.4M | $4.8M | $323K | — | — |
| 2022 | $2.4M | $2.0M | $4.5M | $379K | — | View 990 |
| 2021 | $2.1M | $1.7M | $4.1M | $337K | — | — |
| 2020 | $1.9M | $1.7M | $3.6M | $290K | — | — |
| 2019 | $2.0M | $1.6M | $3.3M | $257K | — | View 990 |
| 2018 | $2.0M | $1.6M | $3.0M | $221K | — | — |
| 2017 | $1.8M | $1.6M | $2.6M | $212K | — | View 990 |
| 2016 | $1.8M | $1.6M | $2.5M | $181K | — | View 990 |
| 2015 | $1.7M | $1.5M | $2.2M | $154K | — | View 990 |
| 2014 | $1.7M | $1.5M | $2.0M | $209K | — | View 990 |
| 2013 | $1.6M | $1.5M | $1.8M | $175K | — | View 990 |
| 2012 | $1.7M | $1.4M | $1.7M | $168K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.9M, expenses of $2.5M, and assets of $5.3M (revenue +4.4% year-over-year).
- 2023: Revenue of $2.8M, expenses of $2.4M, and assets of $4.8M (revenue +15.8% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.0M, and assets of $4.5M (revenue +15.1% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.7M, and assets of $4.1M (revenue +10.0% year-over-year).
- 2020: Revenue of $1.9M, expenses of $1.7M, and assets of $3.6M (revenue -1.7% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.6M, and assets of $3.3M (revenue +-0.0% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.6M, and assets of $3.0M (revenue +11.4% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.6M, and assets of $2.6M (revenue -5.1% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.6M, and assets of $2.5M (revenue +9.4% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.5M, and assets of $2.2M (revenue +1.9% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.5M, and assets of $2.0M (revenue +3.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $1.8M (revenue -4.0% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.4M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New York Rural Water Association Inc:
Data Sources and Methodology
This transparency report for New York Rural Water 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.