Salisbury Rowan Community Action Agency Inc

Analysis

Salisbury Rowan Community Action Agency Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in January 1965, 61 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2022, Salisbury Rowan Community Action Agency Inc reported income of $6.1m and spending of $6.0m, spending 98% of its income. Across the 4 years on record, from October 2019 to October 2022, income fell from $9.6m to $6.1m (-36%), an average of -14% a year. The sharpest change came in the year to October 2020, when income dropped by 35%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Salisbury Rowan Community Action Agency Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NC. Charities of a similar size with the same main cause include Hospice of Stanly County Inc ($6.1m), Interfaith Food Ministry of Nevada County ($6.1m) and Greater Columbus Community House ($6.1m).

On its Form 990 for the period ending October 2022, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $138k (2.3% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $1.6m against liabilities of $749k, net assets of $895k. It reported 154 employees.