Roots of American Music Inc

Analysis

Roots of American Music Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Roots of American Music Inc reported income of $326k and spending of $315k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $210k to $326k (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roots of American Music Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OH. Charities of a similar size with the same main cause include Cyprus American Archaeological Research Institute Inc ($326k), LA Raza Historical Society of Santa Clara Valley ($326k) and Colonial Fox Foundation ($326k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $35k (11% of expenses). Other salaries and wages came to $101k. At year end it held assets of $87k against liabilities of $5,525, net assets of $82k. It reported 5 employees.