Taproot Inc

Analysis

Taproot Inc is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Taproot Inc reported income of $287k and spending of $262k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $348k to $287k (-17%), an average of -4.7% a year. The sharpest change came in the year to August 2020, when income dropped by 41%. Over the whole period it spent 91% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Taproot Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within IA. Charities of a similar size with the same main cause include Young Black & Lit ($287k), Boys & Girls Club of East Williamson County ($287k) and Danville Childrens Guild ($287k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $81k (31% of expenses). Other salaries and wages came to $93k. At year end it held assets of $122k against liabilities of $4,340, net assets of $117k. It reported 27 employees.