Rowfant Club

Analysis

Rowfant Club is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in February 1938, 88 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 December 2023, Rowfant Club reported income of $179k and spending of $342k, spending 191% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $814k to $179k (-78%), an average of -40% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 65% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Rowfant Club sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 52nd percentile within OH. Charities of a similar size with the same main cause include Decatur High School Band Parents Association ($179k), Family Agriculture Resource Management Services ($179k) and James C Cabrera Memorialscholarship Fund ($179k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 86% of the total. Other salaries and wages came to $52k. At year end it held assets of $9.1m against liabilities of $45k, net assets of $9.1m. It reported 7 employees.