The Rowan Center Inc

Analysis

The Rowan Center Inc is a registered charity in United States, based in Stamford, CT. It received its IRS tax-exemption ruling in September 1981, 45 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, The Rowan Center Inc reported income of $1.5m and spending of $1.3m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $806k to $1.5m (+81%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Rowan Center Inc 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 83rd percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Bucks County Foundation ($1.5m), Southern California Health Cares ($1.5m) and Cheswold Volunteer Fire Company ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $238k (19% of expenses). Other salaries and wages came to $702k. At year end it held assets of $1.2m against liabilities of $391k, net assets of $799k. It reported 25 employees.