Lowell Art Association
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 323,360 | 238,669 | 84,691 | 97.6 | 49% |
| 2021 | 4,215,804 | 205,802 | 4,010,002 | 347.1 | 44% |
| 2022 | 504,044 | 241,092 | 262,952 | 309.3 | 37% |
| 2023 | 399,735 | 275,706 | 124,029 | 275.9 | 47% |
In its most recent public year (2023), this organization brought in $124,029 more than it spent. Its reserves stood at about 275.9 months of spending, up from 97.6 in 2020. Staff pay was 47% of spending. $3,843,318 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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