SPRUCE ROOT INC
AI Summary
SPRUCE ROOT INC is a nonprofit organization focused on economic development and community improvement in Southeast Alaska. With an operating budget of $4.1 million and total revenue of $12.1 million for the 2024 filing year, the organization aims to enhance economic conditions through innovation, sustainability, and collaboration by providing micro and small business loans to eligible borrowers. SPRUCE ROOT INC does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit SPRUCEROOT.ORG.
Mission Statement
IMPROVING ECONOMIC CONDITIONS IN SOUTHEAST ALASKA COMMUNITIES THROUGH INNOVATION, SUSTAINABILITY AND COLLABORATION. THE CDFI WILL PROVIDE MICRO AND SMALL BUSINESS LOANS TO ELIGIBLE BORROWERS IN THOSE COMMUNITIES.
Cause Areas
2
Community improvement
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Frequently Asked Questions
What is SPRUCE ROOT INC’s budget?
In 2024, SPRUCE ROOT INC reported an annual operating budget of around $4.1 million. More detailed financial information is available to registered users.
What causes does SPRUCE ROOT INC support?
SPRUCE ROOT INC supports work in Community improvement and Economic development.
Where does SPRUCE ROOT INC operate?
SPRUCE ROOT INC is headquartered in Juneau, AK.
Who funded SPRUCE ROOT INC recently?
In 2025, SPRUCE ROOT INC received grants from Alaska Conservation Foundation, GS DONOR ADVISED PHILANTHROPY FUND FOR WEALTH MANAGEMENT INC, and HOME PLANET FUND. More information on this organization’s funders is available to registered users.
What is the largest grant SPRUCE ROOT INC received in 2024?
The largest grant to SPRUCE ROOT INC in 2024 exceeds $6 million.
What is SPRUCE ROOT INC’s reliance on government grants?
SPRUCE ROOT INC relied on government grants for more than 10% of their total revenue in 2024.