Rowan Museum Incorporated
EIN: 560625409 · Salisbury, NC · NTEE: A540
Is Rowan Museum Incorporated Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Rowan Museum Incorporated
Rowan Museum Incorporated (EIN: 560625409) is a nonprofit organization based in Salisbury, NC, classified under NTEE code A540. The organization reported total revenue of $389K and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rowan Museum Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rowan Museum Incorporated is a small nonprofit that has been operating for 56 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $334K |
| Total Expenses | $215K |
| Surplus / Deficit | +$118K |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | 35.5% |
| Months of Reserves | 90.2 months |
Financial Health Grade: A
In 2023, Rowan Museum Incorporated reported a surplus of $118K with revenue exceeding expenses, holds 90.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2023), Rowan Museum Incorporated's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +225.2% | +16.7% | +7.9% |
| 2022 | -65.2% | +15.0% | -5.2% |
| 2021 | +46.7% | +12.8% | +7.6% |
| 2020 | -58.6% | -30.0% | +5.9% |
| 2019 | +0.1% | +13.8% | +25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1970 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Rowan Museum Incorporated has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rowan Museum Incorporated with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $118K, with revenue exceeding expenses.
Frequently Asked Questions about Rowan Museum Incorporated
Is Rowan Museum Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Rowan Museum Incorporated (EIN: 560625409) insufficient data. 0 red flags identified, 0 strengths noted.
How does Rowan Museum Incorporated spend its money?
Detailed spending breakdown data is not yet available for Rowan Museum Incorporated. Check back for updated IRS 990 analysis.
Are donations to Rowan Museum Incorporated tax-deductible?
Rowan Museum Incorporated is registered as a tax-exempt nonprofit (EIN: 560625409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Rowan Museum Incorporated showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Rowan Museum Incorporated's revenue has grown by 91.1%, moving from $175K to $334K. Total assets increased by 272% over the same period, from $435K to $1.6M. Total functional expenses rose by 0.1%, from $215K to $215K. In its most recent filing year (2023), Rowan Museum Incorporated reported a surplus of $118K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $334K | $215K | $1.6M | $0 | — | View 990 |
| 2022 | $103K | $184K | $1.5M | $12 | — | — |
| 2021 | $295K | $160K | $1.6M | $12 | — | View 990 |
| 2020 | $201K | $142K | $1.5M | $23K | — | View 990 |
| 2019 | $486K | $203K | $1.4M | $12 | — | View 990 |
| 2018 | $485K | $179K | $1.1M | $10 | — | View 990 |
| 2017 | $536K | $180K | $803K | $2K | — | View 990 |
| 2016 | $146K | $178K | $445K | $132 | — | View 990 |
| 2015 | $187K | $175K | $477K | $60 | — | View 990 |
| 2014 | $188K | $163K | $466K | $66 | — | View 990 |
| 2013 | $122K | $103K | $468K | $28K | — | View 990 |
| 2013 | $177K | $196K | $420K | $2K | — | View 990 |
| 2012 | $175K | $215K | $435K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $334K, expenses of $215K, and assets of $1.6M (revenue +225.2% year-over-year).
- 2022: Revenue of $103K, expenses of $184K, and assets of $1.5M (revenue -65.2% year-over-year).
- 2021: Revenue of $295K, expenses of $160K, and assets of $1.6M (revenue +46.7% year-over-year).
- 2020: Revenue of $201K, expenses of $142K, and assets of $1.5M (revenue -58.6% year-over-year).
- 2019: Revenue of $486K, expenses of $203K, and assets of $1.4M (revenue +0.1% year-over-year).
- 2018: Revenue of $485K, expenses of $179K, and assets of $1.1M (revenue -9.4% year-over-year).
- 2017: Revenue of $536K, expenses of $180K, and assets of $803K (revenue +267.8% year-over-year).
- 2016: Revenue of $146K, expenses of $178K, and assets of $445K (revenue -22.1% year-over-year).
- 2015: Revenue of $187K, expenses of $175K, and assets of $477K (revenue -0.7% year-over-year).
- 2014: Revenue of $188K, expenses of $163K, and assets of $466K (revenue +54.2% year-over-year).
- 2013: Revenue of $122K, expenses of $103K, and assets of $468K (revenue -31.1% year-over-year).
- 2013: Revenue of $177K, expenses of $196K, and assets of $420K (revenue +1.4% year-over-year).
- 2012: Revenue of $175K, expenses of $215K, and assets of $435K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rowan Museum Incorporated:
Data Sources and Methodology
This transparency report for Rowan Museum Incorporated is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.