Rooted in Grace & Love

Analysis

Rooted in Grace & Love is a registered charity in United States, based in Statesville, NC. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, 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, Rooted in Grace & Love reported income of $298k and spending of $347k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $298k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income rose by 66%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rooted in Grace & Love sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Developmental Disabilities Provider Consortium ($298k), Footprints of Fight ($298k) and Columbia Farmers Market Inc ($298k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (25% of expenses). Other salaries and wages came to $23k. At year end it held assets of $254k against liabilities of $3,572, net assets of $250k. It reported 2 employees.