Root Capital Inc

Analysis

Root Capital Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Root Capital Inc reported income of $29.1m and spending of $32.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.9m to $29.1m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 71% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Root Capital Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Abrahams Blessing ($28.9m), Giving Children Hope ($29.9m) and Partners of the Americas Inc ($28.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $1.8m (5.7% of expenses). Other salaries and wages came to $11.2m. At year end it held assets of $120.4m against liabilities of $51.2m, net assets of $69.2m. It reported 74 employees.