Lowell Sun Charities Inc

Analysis

Lowell Sun Charities Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in February 1949, 77 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Sun Charities Inc reported income of $331k and spending of $349k, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $474k to $331k (-30%), an average of -8.6% a year. The sharpest change came in the year to June 2023, when income rose by 76%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lowell Sun Charities Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Special K Ranch Foundation Inc ($331k), New Beginnings Are Possible Inc ($331k) and Onawa Community Foundation ($331k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $30k (8.6% of expenses). Other salaries and wages came to $62k. At year end it held assets of $346k against liabilities of $6,445, net assets of $340k. It reported 5 employees.