New Roots Institute
EIN: 824594246 · Los Angeles, CA · NTEE: K19
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $1.6M |
| Net Assets | $2.5M |
Is New Roots Institute Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Roots Institute
New Roots Institute (EIN: 824594246) is a nonprofit organization based in Los Angeles, CA, classified under NTEE code K19. The organization reported total revenue of $3.5M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Roots Institute's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Roots Institute is a mid-size nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2019–2024). Revenue has grown at a compound annual rate of 24.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $1.6M |
| Surplus / Deficit | +$1.2M |
| Total Assets | $2.6M |
| Total Liabilities | $79K |
| Net Assets | $2.5M |
| Operating Margin | 42.5% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 20.2 months |
Financial Health Grade: A
In 2024, New Roots Institute reported a surplus of $1.2M with revenue exceeding expenses, holds 20.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 6 years of filings (2019–2024), New Roots Institute's revenue has grown at a compound annual growth rate (CAGR) of 24.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +62.7% | +10.7% | +82.3% |
| 2023 | +39.5% | +34.1% | +25.2% |
| 2022 | -20.6% | +5.1% | +12.4% |
| 2021 | +46.1% | +7.5% | +64.0% |
| 2020 | +12.0% | +58.6% | +59.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Roots Institute has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Roots Institute with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Frequently Asked Questions about New Roots Institute
Is New Roots Institute a legitimate charity?
New Roots Institute (EIN: 824594246) is a registered tax-exempt nonprofit based in California. It has 6 years of IRS 990 filings on record. Total revenue: $3.5M. No red flags identified. Financial health grade: A.
How does New Roots Institute spend its money?
New Roots Institute reported $3.5M in total revenue in IRS 990 filings. 6 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Roots Institute tax-deductible?
New Roots Institute is registered as a tax-exempt nonprofit (EIN: 824594246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Roots Institute located?
New Roots Institute is headquartered in Los Angeles, California and files with the IRS under EIN 824594246. It is classified under NTEE code K19.
How many years of IRS 990 filings does New Roots Institute have?
New Roots Institute has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.5M in total revenue.
Filing History
IRS 990 filing history for New Roots Institute showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2019–2024), New Roots Institute's revenue has grown by 194.8%, moving from $922K to $2.7M. Total assets increased by 570.6% over the same period, from $392K to $2.6M. Total functional expenses rose by 165.9%, from $588K to $1.6M. In its most recent filing year (2024), New Roots Institute reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $79K in liabilities against $2.6M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | $1.6M | $2.6M | $79K | — | View 990 |
| 2023 | $1.7M | $1.4M | $1.4M | $67K | — | — |
| 2022 | $1.2M | $1.1M | $1.2M | $32K | — | View 990 |
| 2021 | $1.5M | $1.0M | $1.0M | $49K | — | View 990 |
| 2020 | $1.0M | $932K | $625K | $155K | — | View 990 |
| 2019 | $922K | $588K | $392K | $24K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.7M, expenses of $1.6M, and assets of $2.6M (revenue +62.7% year-over-year).
- 2023: Revenue of $1.7M, expenses of $1.4M, and assets of $1.4M (revenue +39.5% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $1.2M (revenue -20.6% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.0M, and assets of $1.0M (revenue +46.1% year-over-year).
- 2020: Revenue of $1.0M, expenses of $932K, and assets of $625K (revenue +12.0% year-over-year).
- 2019: Revenue of $922K, expenses of $588K, and assets of $392K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Roots Institute:
Data Sources and Methodology
This transparency report for New Roots Institute is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.