New Roots Institute

Analysis

New Roots Institute is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2024, New Roots Institute reported income of $2.7m and spending of $1.6m, leaving 42% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $2.7m (+163%), an average of +27% a year. The sharpest change came in the year to June 2024, when income rose by 63%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Roots Institute sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include Atlantic Outreach Incorporated ($2.7m), Re Family Services Inc ($2.7m) and Refuge and Restoration ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $202k (13% of expenses). Other salaries and wages came to $975k. At year end it held assets of $2.6m against liabilities of $79k, net assets of $2.5m. It reported 33 employees.