Roots In the Community Market Foundation
Nonprofit profile at a glance
- EIN
- 465658077
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Charlotte, NC, USA
- Phone
- 3133101733
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $121,260
- Expenses
- $103,470
- Assets
- $19,585
- Liabilities
- $2,105
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Dennis Gray (Vice President)
People named in this filing
- Angela R Gray (Chairman)
- Dennis Gray (Vice President)
- Sharon Dock (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide healthy food (fresh meats, produce & items high in nutritional value) at affordable prices, educate on healthy food choices and preparation, and provide jobs, job training & scholarships; all too holistically improve the overall health of low income communities.
What it reported doing in 2024
The goal of this program is to open Charlotte's 1st full-service nonprofit grocery store with a goal of addressing access, affordability and education to those facing food insecurity. In 2024, we made a significant impact by serving over 500 children without stable housing and 100 families affected by Hurricane Helene through our Holiday Sweets for Kids event, which provided both holiday treats and healthy options. Additionally, we supported 10 cancer patients and survivors in purchasing nutritious food and began developing Cancer Support Health and Wellness Classes to empower over 500 participants through virtual and in-person sessions.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 100
- Sustainability: 47
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 59.2%; rating input score 59
- Program expense ratio: 69.4%; rating input score 69
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 14.7%; rating input score 66; 66th percentile among comparable filings
- Total-asset coverage ratio: 0.19; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.11; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 59.2% of revenue deployed · 69.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $72K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Mission deployment rate scored 59/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- High — Sustainability: Liabilities to assets ratio scored 24/100.