Roots Music Project Foundation

Analysis

Roots Music Project Foundation is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Music Project Foundation reported income of $701k and spending of $676k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $233k to $701k (+201%), an average of +201% a year. The sharpest change came in the year to December 2023, when income rose by 201%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Roots Music Project Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within CO. Charities of a similar size with the same main cause include Alf Engen Ski Museum Foundation ($701k), Stonington Historical Society ($702k) and Portuguese Cultural Center Inc ($701k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $13k (2.0% of expenses). Other salaries and wages came to $185k. At year end it held assets of $80k against liabilities of $9,146, net assets of $71k. It reported 14 employees.