New Britain Roots Inc

Analysis

New Britain Roots Inc is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, New Britain Roots Inc reported income of $291k and spending of $315k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $298k to $291k (-2.5%), an average of -0.8% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Britain Roots Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CT. Charities of a similar size with the same main cause include Learning Help Centers of Charlotte ($291k), Family Mentor Foundation ($291k) and Almelund Threshing Company ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $62k (20% of expenses). Other salaries and wages came to $1,059. At year end it held assets of $180k against liabilities of $11k, net assets of $169k. It reported 19 employees.