Habitual Roots Inc

Analysis

Habitual Roots Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Habitual Roots Inc reported income of $141k and spending of $138k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $141k (+32%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Habitual Roots Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Toledo Area Cement Masons Joint Apprenticeship Committee ($141k), Jeff Cherubin Domond Foundation ($141k) and Connecticut Hospitality Educational Association Inc ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.7% and program service revenue 61% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.