Nuestras Raices Inc

Analysis

Nuestras Raices Inc is a registered charity in United States, based in Holyoke, MA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 January 2024, Nuestras Raices Inc reported income of $663k and spending of $670k, spending 101% of its income. Across the 4 years on record, from January 2021 to January 2024, income grew from $206k to $663k (+222%), an average of +48% a year. The sharpest change came in the year to January 2023, when income rose by 60%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nuestras Raices Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Stone Soup Cafe Inc ($663k), Senior Center of Sidney Shelby County ($663k) and Higher Learning Development Center Inc ($662k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 95% and program service revenue 4.7% of the total. Compensation of current officers, directors and key employees was $78k (12% of expenses). Other salaries and wages came to $251k. At year end it held assets of $687k against liabilities of $622k, net assets of $65k. It reported 9 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.