Three Roots Capital

Analysis

Three Roots Capital is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, 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, Three Roots Capital reported income of $3.8m and spending of $2.2m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $3.8m (+125%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 57% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Three Roots Capital sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Centro Para LA Reconstruccion Del Habitat ($3.7m), Sanatoga Ridge Community Inc ($3.8m) and Colorado Center for Nursing Excellence ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.3% and program service revenue 93% of the total. Other salaries and wages came to $798k. At year end it held assets of $176.3m against liabilities of $169.7m, net assets of $6.6m. It reported 8 employees.