Rowan Vocational Opportunities Inc

Analysis

Rowan Vocational Opportunities Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in February 1968, 58 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2024, Rowan Vocational Opportunities Inc reported income of $5.1m and spending of $4.3m, spending 85% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $3.7m to $5.1m (+38%), an average of +8.4% a year. The sharpest change came in the year to June 2023, when income rose by 81%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rowan Vocational Opportunities 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 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Twin Rivers Developmental Supports Inc ($5.1m), Well Community Development Corporation ($5.1m) and Prince Georges County Economic Development Corporation ($5.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.0% and program service revenue 55% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $10.4m against liabilities of $1.6m, net assets of $8.8m. It reported 225 employees.