South Jersey Technology Park at Rowan University

Analysis

South Jersey Technology Park at Rowan University is a registered charity in United States, based in Glassboro, NJ. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, South Jersey Technology Park at Rowan University reported income of $1.5m and spending of $1.4m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+31%), an average of +7.1% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, South Jersey Technology Park at Rowan University sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include The-Philadelphia Poverty Action Fund ($1.5m), South Carolina I-77 Alliance ($1.5m) and Lime Connect Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 72% of the total. At year end it held assets of $29.5m against liabilities of $22.5m, net assets of $7.0m.