Root NS Inc

Analysis

Root NS Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in November 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Root NS Inc reported income of $2.2m and spending of $2.4m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.2m (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 40%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Root NS Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Terre Haute Catholic Charities Foodbank Inc ($2.2m), Womens Resource Center of the New River Valley ($2.2m) and Abilities First Foundation Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $130k (5.5% of expenses). Other salaries and wages came to $888k. At year end it held assets of $2.0m against liabilities of $742k, net assets of $1.2m. It reported 33 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.