New Roots Foundation Inc

Analysis

New Roots Foundation Inc is a registered charity in United States, based in Delray Beach, FL. It received its IRS tax-exemption ruling in July 2003, 23 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 December 2023, New Roots Foundation Inc reported income of $226k and spending of $168k, leaving 26% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $278k to $226k (-19%), an average of -6.6% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Roots Foundation Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Tinina Q Cade Foundation Inc ($226k), Webster County Victim Assistance Program ($226k) and Concerned for the Hungry Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.