Lowell Transitional Living Center Inc

Analysis

Lowell Transitional Living Center Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Lowell Transitional Living Center Inc reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.0m (+34%), an average of +7.6% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lowell Transitional Living Center Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Sandy Run Missionary Baptist Church Apartment 1 Inc ($2.0m), Housing Navigator Massachusetts Inc ($2.0m) and Ecumenical Housing Development Group ($2.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 80% of the total. Other salaries and wages came to $636k. At year end it held assets of $5.8m against liabilities of $4.2m, net assets of $1.5m.