Rowan College Foundation at Gloucester County

Analysis

Rowan College Foundation at Gloucester County is a registered charity in United States, based in Sewell, NJ. It received its IRS tax-exemption ruling in March 1969, 57 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Rowan College Foundation at Gloucester County reported income of $2.1m and spending of $724k, leaving 66% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $464k to $2.1m (+359%), an average of +46% a year. The sharpest change came in the year to June 2022, when income rose by 234%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rowan College Foundation at Gloucester County sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Ruby Central Inc ($2.1m), Association for Christian Education ($2.1m) and Collaborative Learning Project Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $8.9m against liabilities of $90k, net assets of $8.8m.