Rowan Helping Ministries

Analysis

Rowan Helping Ministries is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in February 1988, 38 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 June 2024, Rowan Helping Ministries reported income of $6.3m and spending of $5.5m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $4.7m to $6.3m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2021, when income rose by 41%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rowan Helping Ministries 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 Western States Information Network Inc ($6.3m), St Marys Dining Room ($6.3m) and YMCA of Coastal Carolina ($6.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 87% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $105k (1.9% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $8.4m against liabilities of $605k, net assets of $7.8m. It reported 78 employees.