Rowe Family Foundation
Rowe Family Foundation consistently reports zero officer compensation while maintaining substantial assets and fluctuating revenue.
EIN: 200721105 · Wilmington, DE · NTEE: T22 · Updated: 2026-03-28
Is Rowe Family Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Rowe Family Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Rowe Family Foundation
Rowe Family Foundation (EIN: 200721105) is a nonprofit organization based in Wilmington, DE, classified under NTEE code T22. The organization reported total revenue of $7.9M and total assets of $34.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Rowe Family Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Rowe Family Foundation is a mid-size nonprofit that has been operating for 22 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -21.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $2.1M |
| Surplus / Deficit | $-1,072,998 |
| Total Assets | $34.2M |
| Total Liabilities | $1 |
| Net Assets | $34.2M |
| Operating Margin | -101.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 193.2 months |
Financial Health Grade: B
In 2023, Rowe Family Foundation reported a deficit of $1.1M with expenses exceeding revenue, holds 193.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Rowe Family Foundation's revenue has declined at a compound annual growth rate (CAGR) of -21.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.1% | +5.0% | -3.0% |
| 2022 | -75.9% | +10.1% | -2.4% |
| 2021 | +431.2% | +84.9% | +8.8% |
| 2020 | -29.4% | -37.1% | -0.3% |
| 2019 | -9.6% | +420.5% | +20.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Rowe Family Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Rowe Family Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the foundation's leadership does not receive salaries, which is highly commendable for a foundation of its size with assets exceeding $34 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Rowe Family Foundation's IRS 990 filings:
- Expenses consistently exceeding revenue in recent years (e.g., 2023 expenses $2.1M vs. revenue $1.0M), which could impact long-term asset growth if not managed against investment returns.
Strengths
The following positive indicators were identified for Rowe Family Foundation:
- Zero officer compensation reported across all filings, indicating high dedication to mission.
- Substantial and stable asset base ($34,124,941) providing strong financial backing.
- Consistently minimal liabilities ($1 reported in most recent filings), indicating excellent financial health and low debt.
- Consistent IRS 990 filing history, demonstrating transparency and compliance.
Frequently Asked Questions about Rowe Family Foundation
Is Rowe Family Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Rowe Family Foundation (EIN: 200721105) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Rowe Family Foundation spend its money?
Rowe Family Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Rowe Family Foundation tax-deductible?
Rowe Family Foundation is registered as a tax-exempt nonprofit (EIN: 200721105). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is the Rowe Family Foundation financially stable?
Yes, the foundation appears financially stable, primarily due to its substantial asset base of over $34 million and consistently minimal liabilities ($1 reported in most recent filings). While recent expenses have exceeded revenue, the large asset base provides a buffer for continued operations and grantmaking.
How does the foundation's spending compare to its revenue?
In recent years (2022 and 2023), the foundation's expenses ($2,025,549 and $2,126,660 respectively) have exceeded its revenue ($1,146,753 and $1,053,662 respectively). This suggests the foundation is drawing from its accumulated assets to fund its activities, which is common for grant-making foundations with large endowments.
Does the Rowe Family Foundation pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all ten available periods, indicating that the foundation's leadership is not compensated through salaries.
What is the trend in the foundation's assets?
The foundation's assets have shown a general upward trend over the long term, growing from $21,853,597 in 2011 to $34,124,941 currently, despite some minor fluctuations in recent years (e.g., a slight decrease from $36,196,184 in 2021 to $34,244,390 in 2023).
Filing History
IRS 990 filing history for Rowe Family Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Rowe Family Foundation's revenue has declined by 94.8%, moving from $20.3M to $1.1M. Total assets increased by 56.7% over the same period, from $21.9M to $34.2M. Total functional expenses rose by 504.2%, from $352K to $2.1M. In its most recent filing year (2023), Rowe Family Foundation reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $1 in liabilities against $34.2M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $34.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $2.1M | $34.2M | $1 | — | — |
| 2022 | $1.1M | $2.0M | $35.3M | $1 | — | View 990 |
| 2021 | $4.8M | $1.8M | $36.2M | $1 | — | View 990 |
| 2020 | $895K | $995K | $33.3M | $1 | — | View 990 |
| 2019 | $1.3M | $1.6M | $33.4M | $1 | — | View 990 |
| 2015 | $1.4M | $304K | $27.6M | $1 | — | View 990 |
| 2014 | $1.5M | $278K | $26.5M | $1 | — | View 990 |
| 2013 | $1.6M | $332K | $25.3M | $1 | — | View 990 |
| 2012 | $2.6M | $341K | $24.1M | $0 | — | View 990 |
| 2011 | $20.3M | $352K | $21.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $2.1M, and assets of $34.2M (revenue -8.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $2.0M, and assets of $35.3M (revenue -75.9% year-over-year).
- 2021: Revenue of $4.8M, expenses of $1.8M, and assets of $36.2M (revenue +431.2% year-over-year).
- 2020: Revenue of $895K, expenses of $995K, and assets of $33.3M (revenue -29.4% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.6M, and assets of $33.4M (revenue -9.6% year-over-year).
- 2015: Revenue of $1.4M, expenses of $304K, and assets of $27.6M (revenue -5.2% year-over-year).
- 2014: Revenue of $1.5M, expenses of $278K, and assets of $26.5M (revenue -7.4% year-over-year).
- 2013: Revenue of $1.6M, expenses of $332K, and assets of $25.3M (revenue -37.8% year-over-year).
- 2012: Revenue of $2.6M, expenses of $341K, and assets of $24.1M (revenue -87.3% year-over-year).
- 2011: Revenue of $20.3M, expenses of $352K, and assets of $21.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Rowe Family Foundation:
Data Sources and Methodology
This transparency report for Rowe Family Foundation 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.