Lowell Parks and Conservation Trust Inc

Analysis

Lowell Parks and Conservation Trust Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in October 1994, 32 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Parks and Conservation Trust Inc reported income of $1.7m and spending of $410k, leaving 76% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $332k to $1.7m (+420%), an average of +51% a year. The sharpest change came in the year to June 2023, when income rose by 225%. Over the whole period it spent 52% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Lowell Parks and Conservation Trust Inc sits at the 85th percentile: it is larger than about 85% 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 The Reuse People of America Inc ($1.7m), San Diego Bird Alliance ($1.7m) and Midwest Renewable Energy Association Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $103k (25% of expenses). Other salaries and wages came to $108k. At year end it held assets of $3.4m against liabilities of $32k, net assets of $3.3m. It reported 9 employees.