SPRUCE ROOT INC
AI Summary
SPRUCE ROOT INC is a nonprofit focused on economic development and community improvement, working to improve economic conditions in Southeast Alaska communities through innovation, sustainability, and collaboration. With a 2024 operating budget of $4.1M and total revenue of $12.1M, it provides micro and small business loans to eligible borrowers and receives major support from Alaska Conservation Foundation, Rasmuson Foundation, and California Community Foundation.
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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- 32 funders
- 31 board & team members
- 12 historic 990s & financials
- 6-year operating budget trend
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.