Taproots Inc

Analysis

Taproots Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 1982, 44 years ago. 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, Taproots Inc reported income of $327k and spending of $365k, spending 111% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $456k to $327k (-28%), an average of -15% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Taproots Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include McLaughlin Dance Collective ($327k), Manitou Art Center ($327k) and Charles Meadow Corporation ($327k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $72k (20% of expenses). Other salaries and wages came to $141k. At year end it held assets of $91k against liabilities of $55k, net assets of $37k. It reported 7 employees.