Boots2roots

Analysis

Boots2roots is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover employment, 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, Boots2roots reported income of $204k and spending of $394k, spending 193% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $293k to $204k (-30%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Boots2roots sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Built2last Innovations Lab Inc ($204k), Exeter Group Ltd ($204k) and Delta Foundation Inc 819 Main St ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $85k (22% of expenses). Other salaries and wages came to $115k. At year end it held assets of $183k against liabilities of $14k, net assets of $169k. It reported 4 employees.