Lowell Day Nursery Association Inc

Analysis

Lowell Day Nursery Association Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 1937, 89 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Lowell Day Nursery Association Inc reported income of $1.8m and spending of $1.6m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.8m (+80%), an average of +16% a year. The sharpest change came in the year to June 2022, when income rose by 43%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lowell Day Nursery Association Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Maine Huts & Trails ($1.8m), Elevate Collegiate Inc ($1.8m) and Pioneer Christian School of Southern California ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $87k (5.6% of expenses). Other salaries and wages came to $982k. At year end it held assets of $1.7m against liabilities of $111k, net assets of $1.6m. It reported 42 employees.