Lowell Community Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2014 | 39,303 | 21,639 | 17,664 | 30.9 | — |
| 2016 | 96,993 | 44,618 | 52,375 | 25.7 | — |
| 2017 | 49,155 | 71,184 | −22,029 | 14.1 | — |
| 2018 | 121,669 | 78,479 | 43,190 | 19.4 | 62% |
| 2019 | 178,970 | 68,399 | 110,571 | 43.4 | 65% |
| 2020 | 305,608 | 114,035 | 191,573 | 47.3 | 45% |
| 2021 | 222,572 | 129,492 | 93,080 | 49.9 | 56% |
| 2022 | 1,301,554 | 259,964 | 1,041,590 | 72.5 | 37% |
| 2023 | 1,090,500 | 237,009 | 853,491 | 128.3 | 47% |
In its most recent public year (2023), this organization brought in $853,491 more than it spent. Its reserves stood at about 128.3 months of spending, up from 30.9 in 2014. Staff pay was 47% 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 Community Development Corporation'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