Spruce Root Inc
Only null% goes to programs Strong reserves Growing revenue
Spruce Root Inc is a 501(c)(3) organization based in Juneau, Alaska, registered in 2013, with $12,064,509 in FY2024 revenue. CharityIndex grades it B.
1 Sealaska Plz Ste 400, Juneau, AK, 99801 EIN 45-4295940 Since 2013
Revenue (FY2024)
$12.1M
▲ 35.3% vs prior year
Community median: $184K
Expenses (FY2024)
$5.0M
Net assets
$33.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Spruce Root Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating80 mo reserves · +58% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Spruce Root Inc: 80 mo reserves · +58% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Spruce Root Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Spruce Root Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1 Sealaska Plz Ste 400, Juneau, AK, 99801
- City
- Juneau
- State
- Alaska
- Subcategory
- Economic Development
- Website
- …
Financial trends
Revenue grew from $153K (FY2013) to $12.1M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.1MNet assets $33.7M
Operating margin
58.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$38.8M
Total liabilities
$5.1M
Net assets
$33.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,064,509▲35.3% | $5,040,398▲26.1% | $33,682,012▲34.9% | $38,810,332▲27.7% | 990 |
| 2023 | $8,914,190▼57.2% | $3,997,069▲37.2% | $24,972,356▲30.0% | $30,397,018▲44.5% | 990 |
| 2022 | $20,825,542▲501% | $2,913,388▼15.7% | $19,210,297▲1348% | $21,033,643▲609% | 990 |
| 2021 | $3,464,933▲74.0% | $3,457,340▲83.6% | $1,326,230▲21.1% | $2,965,503▲2.9% | 990 |
| 2020 | $1,991,162▲50.5% | $1,883,433▲49.2% | $1,095,019▲9.7% | $2,882,638▲7.3% | 990 |
| 2019 | $1,323,136▲19.1% | $1,262,316▲26.0% | $998,619▲5.3% | $2,687,532▲13.4% | 990 |
| 2018 | $1,111,234▲16.2% | $1,001,658▼2.1% | $948,167▲13.1% | $2,370,511▲3.6% | 990 |
| 2017 | $956,324▲120% | $1,023,197▲192% | $838,591▼21.1% | $2,287,088▲41.8% | 990 |
| 2015 | $435,586▼13.2% | $350,997▲362% | $1,062,733▲8.6% | $1,613,309▲64.9% | 990 |
| 2014 | $501,992▲228% | $75,998▼25.0% | $978,144▲77.2% | $978,144▲61.8% | 990 |
| 2013 | $153,038 | $101,343▲49578% | $552,150▲10.3% | $604,466▲20.8% | 990 |
| 2012 | — | $204 | $500,455 | $500,455 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $10.5M total
28 grants to Spruce Root Inc totaling $10.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Medical / public services | 2024 | $6,000,000 |
| Ndn Collective Inc | Justice40 fund - project support | 2024 | $540,000 |
| Opportunity Finance Network | Operating grant | 2024 | $500,000 |
| New Venture Fund | Environmental programs | 2024 | $100,000 |
| Impactassets Inc | General support | 2024 | $30,000 |
| Rural Community Assistance | Rcbghud22 | 2024 | $18,590 |
| Opportunity Finance Network | Finance justice fund subgrant | 2023 | $500,000 |
| Nature Conservancy | Conservation activities | 2023 | $50,000 |
| California Community Foundation | Economic opportunity | 2022 | $1,050,000 |
| New Venture Fund | Environmental programs | 2022 | $505,000 |
| Opportunity Finance Network | Ofn cdfi tech grant program supported by google.org | 2022 | $100,000 |
| National Fish and Wildlife Foundation | Community stewardship | 2022 | $45,499 |
| Alaska Community Foundation | Operational support | 2022 | $28,600 |
| California Community Foundation | Environment | 2021 | $150,000 |
| Opportunity Finance Network | Native cdfi seed capital award grant | 2021 | $25,000 |
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Frequently asked questions
- Is Spruce Root Inc a legitimate nonprofit?
- Yes. Spruce Root Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-4295940, based in Juneau, Alaska. Donations are tax-deductible.
- What is Spruce Root Inc's EIN?
- Spruce Root Inc's Employer Identification Number (EIN) is 45-4295940.
- How much revenue does Spruce Root Inc report?
- Spruce Root Inc reported $12,064,509 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Spruce Root Inc have?
- CharityIndex grades Spruce Root Inc B, based on financial health (reserves and operating margin).
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Data for Spruce Root Inc (EIN 45-4295940) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.