Liferoots Inc

Analysis

Liferoots Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in July 1962, 64 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Liferoots Inc reported income of $8.0m and spending of $7.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.0m to $8.0m (-0.3%), an average of -0.1% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Liferoots Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 96th percentile within NM. Charities of a similar size with the same main cause include North Carolina Advanced Energy Corporation ($8.0m), Ohio Suicide Prevention Foundation ($8.0m) and Morristown Hamblen Emergency Medical Service Company ($8.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $219k (2.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $5.5m against liabilities of $2.6m, net assets of $2.8m. It reported 175 employees.