Lowell Community Health Center Inc

Analysis

Lowell Community Health Center Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Lowell Community Health Center Inc reported income of $71.9m and spending of $71.9m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $48.4m to $71.9m (+48%), an average of +10% a year. The sharpest change came in the year to September 2022, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lowell Community Health Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Windsor Hospital Corporation ($71.8m), Circle Health Physicians Inc ($71.9m) and Mississippi Methodist Hospital Rehabilitation Center Inc ($71.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 27% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $1.5m (2.0% of expenses). Other salaries and wages came to $38.8m. At year end it held assets of $91.9m against liabilities of $33.2m, net assets of $58.7m. It reported 618 employees.