Rowan Arts Council Inc

Analysis

Rowan Arts Council Inc is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in April 1978, 48 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 June 2024, Rowan Arts Council Inc reported income of $257k and spending of $229k, spending 89% of its income. Across the 4 years on record, from June 2021 to June 2024, income fell from $289k to $257k (-11%), an average of -3.8% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 97% 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 Arts Council Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Geneva Historical Society ($257k), Chelsea Community Cable Television Inc ($257k) and Cat Ltd ($257k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.