Taproot Collective Inc

Analysis

Taproot Collective Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in May 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Taproot Collective Inc reported income of $180k and spending of $227k, spending 126% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $184k to $180k (-2.2%), an average of -2.2% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Taproot Collective Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Roosevelt-Custer Regional Council for Development ($180k), Northwest Indiana Quality of Life Council Inc ($180k) and The Living River Restoration Trust ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $154k. At year end it held assets of $202k against liabilities of $74k, net assets of $128k. It reported 22 employees.