Alternate Roots Inc

Analysis

Alternate Roots Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in October 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Alternate Roots Inc reported income of $6.3m and spending of $5.5m, spending 88% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.3m to $6.3m (+170%), an average of +39% a year. The sharpest change came in the year to December 2021, when income rose by 149%. Over the whole period it spent 68% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Alternate Roots Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Powermylearning Inc ($6.3m), From the Heart Productions Inc ($6.3m) and African American Cultural Center ($6.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $143k (2.6% of expenses). Other salaries and wages came to $958k. At year end it held assets of $12.8m against liabilities of $193k, net assets of $12.6m. It reported 19 employees.