Icelandic Roots

Analysis

Icelandic Roots is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in August 2014, 12 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Icelandic Roots reported income of $136k and spending of $68k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $136k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Icelandic Roots sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 36th percentile within ND. Charities of a similar size with the same main cause include Kentler International Drawing Space Inc ($136k), Pec Playhouse Theatre Inc ($136k) and Conroe Event Center Incorporated ($136k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 80% of the total. At year end it held assets of $359k against liabilities of $511, net assets of $358k.