The Wilson L Smith Foundation the Smith Foundation Friends of Rowan
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
The Wilson L Smith Foundation the Smith Foundation Friends of Rowan is a 501(c)(3) organization based in Salisbury, North Carolina, registered in 1989, with $1,509,593 in FY2024 revenue. CharityIndex grades it C.
214 Bethel Dr, Salisbury, NC, 28144 EIN 56-1658247 Since 1989
Revenue (FY2024)
$1.5M
▼ 17.8% vs prior year
Expenses (FY2024)
$1.7M
Net assets
$31.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for The Wilson L Smith Foundation the Smith Foundation Friends of Rowan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
C+Financial health25% of the rating221 mo reserves · -15% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Wilson L Smith Foundation the Smith Foundation Friends of Rowan: 221 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for The Wilson L Smith Foundation the Smith Foundation Friends of Rowan— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Wilson L Smith Foundation the Smith Foundation Friends of Rowan: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 214 Bethel Dr, Salisbury, NC, 28144
- City
- Salisbury
- State
- North Carolina
- Category
- —
- Subcategory
- —
Financial trends
Revenue declined from $1.7M (FY2020) to $1.5M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $200KNet assets $31.8M
Operating margin
-14.7%
Spent more than it raised in the latest fiscal year.
Total assets
$32.0M
Total liabilities
$200K
Net assets
$31.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,509,593▼17.8% | $1,731,460▼34.0% | $31,845,474▼0.2% | $32,045,474▼0.2% | 990PF |
| 2023 | $1,835,835▲47.2% | $2,623,882▲105% | $31,921,364▼22.8% | $32,121,364▼22.7% | 990PF |
| 2022 | $1,247,152▼33.5% | $1,277,270▼32.4% | $41,329,215▲18.0% | $41,529,215▲17.9% | 990PF |
| 2021 | $1,875,757▲12.8% | $1,888,106▼5.8% | $35,031,015▲6.2% | $35,231,015▲6.2% | 990PF |
| 2020 | $1,663,327 | $2,004,620▲869% | $32,984,919▲695% | $33,184,919▲560% | 990PF |
| 2011 | — | $206,922 | $4,147,047 | $5,029,206 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is The Wilson L Smith Foundation the Smith Foundation Friends of Rowan a legitimate nonprofit?
- Yes. The Wilson L Smith Foundation the Smith Foundation Friends of Rowan is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1658247, based in Salisbury, North Carolina. Donations are tax-deductible.
- What is The Wilson L Smith Foundation the Smith Foundation Friends of Rowan's EIN?
- The Wilson L Smith Foundation the Smith Foundation Friends of Rowan's Employer Identification Number (EIN) is 56-1658247.
- How much revenue does The Wilson L Smith Foundation the Smith Foundation Friends of Rowan report?
- The Wilson L Smith Foundation the Smith Foundation Friends of Rowan reported $1,509,593 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does The Wilson L Smith Foundation the Smith Foundation Friends of Rowan have?
- CharityIndex grades The Wilson L Smith Foundation the Smith Foundation Friends of Rowan C, based on financial health (reserves and operating margin).
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Data for The Wilson L Smith Foundation the Smith Foundation Friends of Rowan (EIN 56-1658247) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.