Recreational Adult Resource Association of Greater Lowell Inc

Analysis

Recreational Adult Resource Association of Greater Lowell Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in April 1971, 55 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Recreational Adult Resource Association of Greater Lowell Inc reported income of $98k and spending of $120k, spending 122% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income grew from $64k to $98k (+53%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 30%. Over the whole period it spent 132% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Recreational Adult Resource Association of Greater Lowell Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 43rd percentile within MA. Charities of a similar size with the same main cause include Long Beach Historical Society ($98k), Mision Internacional LA Tierra Prometida ($98k) and PTA California Congress of Parents Teachers & Students Inc ($98k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $412k against liabilities of $0, net assets of $412k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.