Rownc

Analysis

Rownc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Rownc reported income of $54k and spending of $59k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $65k to $54k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 93% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Rownc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Parasports Wheelchair Sports Organization Inc ($54k), North Pocono Jr Trojans ($54k) and Little League Baseball Inc ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 2.6% of the total. At year end it held assets of $101k against liabilities of $757, net assets of $100k.