Lowell Terrace Corp

Analysis

Lowell Terrace Corp is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Terrace Corp reported income of $195k and spending of $297k, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $169k to $195k (+15%), an average of +3.6% a year. Over the whole period it spent 141% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lowell Terrace Corp sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within CO. Charities of a similar size with the same main cause include Life Bridge Ministries International ($194k), Echo Orphancare Partners ($195k) and James Samaritan ($194k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $7,089. At year end it held assets of $1.0m against liabilities of $618k, net assets of $410k.

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.