Roots Academy Incorporated

Analysis

Roots Academy Incorporated is a registered charity in United States, based in Saint Johns, FL. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Roots Academy Incorporated reported income of $1.1m and spending of $957k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $297k to $1.1m (+256%), an average of +256% a year. The sharpest change came in the year to December 2023, when income rose by 256%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Roots Academy Incorporated sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include St Peters Kitchen Inc ($1.1m), Mustard Seed Ranch ($1.1m) and Bridgehaven Pregnancy Support Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $51k (5.3% of expenses). Other salaries and wages came to $352k. At year end it held assets of $158k against liabilities of $47k, net assets of $111k. It reported 55 employees.