Hearty Roots Inc

Analysis

Hearty Roots Inc is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Hearty Roots Inc reported income of $815k and spending of $353k, leaving 57% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $80k to $815k (+920%), an average of +117% a year. The sharpest change came in the year to December 2023, when income rose by 310%. Over the whole period it spent 58% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Hearty Roots Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include Valencia Express Inc ($814k), Coatesville Youth Initiative ($815k) and Ultimate Block Party Inc ($813k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.1% of the total. Compensation of current officers, directors and key employees was $67k (19% of expenses). Other salaries and wages came to $212k. It paid $563 in professional fundraising fees. At year end it held assets of $517k against liabilities of $236, net assets of $517k. It reported 15 employees.