Rooted Communities Inc

Analysis

Rooted Communities Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in June 2000, 26 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2022, Rooted Communities Inc reported income of $75k and spending of $90k, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $204k to $75k (-63%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 300%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rooted Communities Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Hope Community Development Corporation ($75k), Union Apartment Project Inc ($75k) and Humanitarian Way ($75k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $40k (44% of expenses). Other salaries and wages came to $7,965. At year end it held assets of $468k against liabilities of $442k, net assets of $26k. It reported 3 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.