Newroot Learning Institute

Analysis

Newroot Learning Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Newroot Learning Institute reported income of $2.6m and spending of $2.7m, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $2.6m (+19%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Newroot Learning Institute 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 88th percentile, and in the 88th percentile within IL. Charities of a similar size with the same main cause include Chesapeake Montessori Foundation Inc ($2.6m), Project Destined Inc ($2.6m) and Harrisburg Academy Foundation ($2.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $180k (6.6% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $2.5m against liabilities of $569k, net assets of $2.0m. It reported 30 employees.