Roots Fund Incorporated

Analysis

Roots Fund Incorporated is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in October 2020, 6 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, Roots Fund Incorporated reported income of $872k and spending of $943k, spending 108% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $274k to $872k (+218%), an average of +47% a year. The sharpest change came in the year to December 2022, when income rose by 145%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Roots Fund Incorporated sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Relational Wisdom 360 ($872k), Service Oriented Aviation Readiness S O a R ($872k) and Anvil Academy Inc ($872k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (11% of expenses). Other salaries and wages came to $140k. At year end it held assets of $125k against liabilities of $114k, net assets of $11k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.