Rowan Growth Partners

Analysis

Rowan Growth Partners is a registered charity in United States, based in Salisbury, NC. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, 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 December 2023, Rowan Growth Partners reported income of $268k and spending of $314k, spending 117% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $226k to $268k (+19%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 118% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Rowan Growth Partners sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within NC. Charities of a similar size with the same main cause include The Junior League of the Champlain Valley Inc ($268k), Coastal Communities Family Success Center Inc ($268k) and Rural Services of Indiana ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $112k against liabilities of $0, net assets of $112k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.