Lowell Development And Financial Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 380,600 | 570,098 | −189,498 | 140.4 | 41% |
| 2013 | 322,726 | 584,484 | −261,758 | 131.2 | 42% |
| 2014 | 707,544 | 507,401 | 200,143 | 155.6 | 46% |
| 2015 | 359,403 | 595,844 | −236,441 | 127.1 | 40% |
| 2016 | 904,646 | 515,779 | 388,867 | 143.2 | 48% |
| 2017 | 373,378 | 463,527 | −90,149 | 156.3 | 52% |
| 2018 | 574,777 | 616,762 | −41,985 | 115.5 | 44% |
| 2019 | 313,665 | 507,531 | −193,866 | 136.0 | 53% |
| 2020 | 329,550 | 762,570 | −433,020 | 83.7 | 21% |
| 2021 | 472,838 | 274,415 | 198,423 | 243.0 | 83% |
| 2022 | 369,219 | 466,679 | −97,460 | 140.4 | 48% |
| 2023 | 501,210 | 425,006 | 76,204 | 174.8 | 54% |
| 2024 | 458,536 | 500,786 | −42,250 | 147.3 | 49% |
In its most recent public year (2024), this organization spent $42,250 more than it brought in. Its reserves stood at about 147.3 months of spending, up from 140.4 in 2012. Staff pay was 49% of spending. $5,216,222 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 2024. 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 Development And Financial Corporation's IRS filings as a feed — one entry per filing year, through 2024. 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