Lowell Telecommunications Corporation

Analysis

Lowell Telecommunications Corporation is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in November 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2024, Lowell Telecommunications Corporation reported income of $690k and spending of $797k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $822k to $690k (-16%), an average of -4.3% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lowell Telecommunications Corporation 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 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Orchestra Nova Northwest ($690k), Copland House Inc ($690k) and Arm of Hope ($690k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $95k (12% of expenses). Other salaries and wages came to $331k. At year end it held assets of $1.5m against liabilities of $33k, net assets of $1.4m. It reported 8 employees.