New Roots

Analysis

New Roots is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover human services, 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 reported income of $77k and spending of $234k, spending 306% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $169k to $77k (-55%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 79%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Roots sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within KY. Charities of a similar size with the same main cause include St Mary Conference ($77k), National Family Alignment Initiative Inc ($77k) and Chatham Area Silent Pantry Inc ($77k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 170% of the total. Compensation of current officers, directors and key employees was $42k (18% of expenses). Other salaries and wages came to $61k. At year end it held assets of $194k against liabilities of $14k, net assets of $180k. It reported 4 employees.