Rowan Museum Incorporated

Analysis

Rowan Museum Incorporated is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in March 1970, 56 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Rowan Museum Incorporated reported income of $334k and spending of $215k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $486k to $334k (-31%), an average of -8.9% a year. The sharpest change came in the year to December 2023, when income rose by 225%. Over the whole period it spent 64% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Rowan Museum Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within NC. Charities of a similar size with the same main cause include Washington Master Chorale Inc ($334k), Museum of the Palestinian People ($334k) and Meyer Theater Corporation ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $43k (20% of expenses). Other salaries and wages came to $75k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 9 employees.