Rowan University Foundation Inc

Analysis

Rowan University Foundation Inc is a registered charity in United States, based in Glassboro, NJ. It received its IRS tax-exemption ruling in December 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rowan University Foundation Inc reported income of $48.3m and spending of $18.8m, leaving 61% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.1m to $48.3m (+119%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rowan University Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Rocky Mountain College ($48.3m), Isha Foundation Inc ($48.4m) and Berkshire School Inc ($48.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $391.6m against liabilities of $1.2m, net assets of $390.4m.