Future Roots Inc

Analysis

Future Roots Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2009, 17 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 (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, Future Roots Inc reported income of $1.2m and spending of $1.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $386k to $1.2m (+218%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 99%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Future Roots Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Storycenter ($1.2m), Metropolitan Opera Centennial Fund Endowment Trust ($1.2m) and Western Economic Association International ($1.2m).

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 $57k (5.7% of expenses). Other salaries and wages came to $213k. At year end it held assets of $1.4m against liabilities of $169, net assets of $1.4m. It reported 8 employees.