Runway Root Inc

Analysis

Runway Root Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, 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, Runway Root Inc reported income of $2.5m and spending of $3.6m, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $716k to $2.5m (+253%), an average of +37% a year. The sharpest change came in the year to December 2020, when income rose by 86%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Runway Root Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Center for Military Recruitment Assessment and Veterans Employment ($2.5m), Pa Treatment & Healing ($2.5m) and Ladies of Charity ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.2% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $2.8m against liabilities of $470k, net assets of $2.3m. It reported 12 employees.