The Lowell General Hospital
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 262,083,900 | 244,573,483 | 17,510,417 | 5.2 | 3% |
| 2012 | 325,701,009 | 295,573,210 | 30,127,799 | 5.6 | 40% |
| 2013 | 445,574,038 | 412,960,241 | 32,613,797 | 4.9 | 40% |
| 2014 | 440,369,147 | 409,542,316 | 30,826,831 | 4.9 | 1% |
| 2015 | 439,420,284 | 415,610,800 | 23,809,484 | 4.6 | 40% |
| 2016 | 457,872,238 | 433,532,666 | 24,339,572 | 4.4 | 41% |
| 2017 | 466,209,872 | 446,236,711 | 19,973,161 | 4.3 | 40% |
| 2018 | 496,748,443 | 456,080,286 | 40,668,157 | 4.2 | 41% |
| 2019 | 485,151,578 | 458,621,162 | 26,530,416 | 3.6 | 41% |
| 2020 | 492,829,849 | 469,388,239 | 23,441,610 | 3.2 | 40% |
| 2021 | 534,206,195 | 498,595,095 | 35,611,100 | 4.2 | 39% |
| 2022 | 528,659,287 | 608,429,753 | −79,770,466 | 2.2 | 36% |
| 2023 | 657,122,447 | 590,309,347 | 66,813,100 | 1.8 | 41% |
In its most recent public year (2023), this organization brought in $66,813,100 more than it spent. Its reserves stood at about 1.8 months of spending, down from 5.2 in 2011. Staff pay was 41% of spending. $8,653,198 of its net assets are donor-restricted.
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
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