Lowell Arts
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 197,948 | 170,931 | 27,017 | 6.8 | 43% |
| 2012 | 204,407 | 184,141 | 20,266 | 7.7 | 40% |
| 2013 | 205,359 | 211,872 | −6,513 | 6.5 | 41% |
| 2014 | 299,921 | 207,142 | 92,779 | 12.1 | 44% |
| 2015 | 678,105 | 233,767 | 444,338 | 33.4 | 39% |
| 2016 | 715,188 | 268,502 | 446,686 | 49.0 | 35% |
| 2017 | 424,245 | 276,206 | 148,039 | 54.1 | 40% |
| 2018 | 325,391 | 292,846 | 32,545 | 52.4 | 0% |
| 2019 | 321,603 | 302,262 | 19,341 | 51.4 | 41% |
| 2020 | 313,685 | 258,124 | 55,561 | 62.7 | 36% |
| 2021 | 379,431 | 377,278 | 2,153 | 43.9 | 34% |
| 2022 | 332,527 | 338,848 | −6,321 | 48.6 | 47% |
| 2023 | 353,359 | 375,026 | −21,667 | 43.3 | 40% |
In its most recent public year (2023), this organization spent $21,667 more than it brought in. Its reserves stood at about 43.3 months of spending, up from 6.8 in 2011. Staff pay was 40% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Lowell Arts's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works