Greater Lowell Community Foundation Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 8,402,571 | 6,003,528 | 2,399,043 | 88.2 | 10% |
| 2021 | 8,473,367 | 6,202,854 | 2,270,513 | 95.1 | 10% |
| 2022 | 9,411,237 | 5,650,735 | 3,760,502 | 93.7 | 11% |
| 2023 | 8,510,011 | 7,200,108 | 1,309,903 | 84.6 | 12% |
In its most recent public year (2023), this organization brought in $1,309,903 more than it spent. Its reserves stood at about 84.6 months of spending, down from 88.2 in 2020. Staff pay was 12% of spending. $6,099,107 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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