Root Change

Analysis

Root Change is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 Change reported income of $1.8m and spending of $1.5m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $974k to $1.8m (+87%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 106% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Root Change sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 65th percentile within DC. Charities of a similar size with the same main cause include Visitors Center Inc ($1.8m), Neighborhood Resilience Project ($1.8m) and North Dakota Rural Water Systems Association Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $183k (12% of expenses). Other salaries and wages came to $161k. At year end it held assets of $559k against liabilities of $605k, net assets of -$46k.